Is IBRA effective?

Is IBRA effective?

From Neraca

It is said that the Indonesian Bank Restructuring Agency (IBRA) is managed by professionals. However, according to Rizal Ramli it is managed by amateurs. Those in charge at IBRA are paid more than ministers and even the President, yet their performance continues to be questioned.

The deputy chairman of House of Representatives Commission IV, Rosyid Hidayat, pointed out the conspiracy to use up the assets currently handled by IBRA. Even Vice President Megawati Soekarnoputri has criticized IBRA's lethargic performance. Many of the buildings of liquidated banks are neglected. Some of the glass, tiles and other items of value in the buildings have been stolen. And only 20 percent of the assets under IBRA's control has been sold.

As reported in the mass media, there are some former debtors who have paid off their debts yet are still having difficulty getting back their assets. I question the efficiency and effectiveness of IBRA.

VALENTINUS

Surakarta, Central Java