IMF's aggressiveness

IMF's aggressiveness

I was surprised that the IMF really proposed more money for
Indonesia, revised letters of intent and was optimistic on the
IMF program.

A simple question crossed my mind: Can Indonesia afford to pay
back the loan, when and by whom? As a taxpayer, I never feel the
benefit of IMF aid. On the other hand, there will be more
economic chaos ahead.

Remember, Indonesia's foreign debts have grown to US$150
billion and there is no one to blame for such a huge debt. Right
from the outset, I never agreed to the IMF bailout program. It
seems to me that there is no transparency in the deal with the
IMF, and yet, the loan is not without strings, and there is no
clear economic direction either. Why is the IMF so aggressive?

IRWAN IBRAHIM

Jakarta