IFC reviews Indonesia plan

Article Abstract:

The International Finance Corp conducted a review of its investment programs for Indonesia in the wake of the bankruptcy petition it filed against PT Dharmala Agrifood due to the failure of the company to repay its loans. The review came after the decision of the supreme court which rejected IFC's claim that the debts were due and payable. IFC is the private investment unit of the World Bank and despite the judicial setback, the World Bank asserted its commitment in assisting the Indonesian government and judicial branches to implement economic programs.

Financial analysis, Indonesia, Admin. of general economic programs, World Bank (IBRD), Foreign Loans-Ag Development, Agricultural industry, Cases, Economic policy, Agricultural development, International Finance Corp., World Bank, PT Dharmala Agrifood

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Bank bailouts could weaken the imperative for reforms

Article Abstract:

The practice of providing financial assistance to troubled banks in Asia is not a sound principle since it may undermine the calls for reforms. For instance, it is in the best interest of Indonesia to just let the corrupt and ineffective banks to collapse and be replaced by new banks that are ready to respond to market needs. Bailouts only benefit insolvent banks and their claimants who protect individuals with political clout from the losses generated by their own profuse risk taking.

Foreign Loans-Banks, Banking industry, Evaluation, Column, Economic assistance, Foreign economic assistance, Asia, Bank loans

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