Our bank restructuring program

Our bank restructuring program

The International Monetary Fund (IMF) says that it cannot control our bank restructuring program. According to the IMF that should be done by the Indonesian government and the public.

We recognize the fact that political factors help to determine the size and smooth running of our bank recapitalization program. At present this program is being delayed by political considerations. So is the withholding of aid by the International Monetary Fund.

For this reason, our political elite must realize that what they do can have a great influence on our economic and political rehabilitation agenda. Financial institutions and market players are most sensitive to their actions. Since we cannot isolate ourselves from the world, our political elite should take the aspirations of those institutions and the market into consideration.

The most important thing is that this political elite listens to the wishes of our people. If they do this there will be no longer any reason for the IMF to refuse responsibility to share in the responsibility for our bank restructuring program.

-- Bisnis Indonesia, Jakarta