Earlier Disbandment of IBRA

Earlier Disbandment of IBRA

When the Indonesian Bank Restructuring Agency was set up in
early 1999, it was decided that it would exist for only five
years. If all the agency's duties could be accomplished earlier,
the agency, as its chief Syarifuddin A. Temenggung has said,
will be disbanded a year earlier. Can we breathe a sigh of
relief?

There should be no doubt in this matter. But, without
intending to doubt the capability of all the existing IBRA
personnel, it does not seem possible that the agency will be
disbanded earlier than planned. Given the present burden of,
among others, the assets sales and the shareholders' liability
settlement, there will still be some other duties remaining.
Relevant parties must think about who will take over these
remaining duties.

In this case, whoever is responsible for the survival of IBRA
and whoever is connected, whether directly or not, with the
agency, should be careful. The agency can be disbanded any time
as long as all the complicated problems are also completely
resolved, or at least, it is clear who will take over these
problems. Otherwise, it is only natural that there will be
suspicion that the disbandment was only a way to cover things up,
therefore making the people shoulder the burden, as has been the
case so far.

-- Koran Tempo, Jakarta