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Article Abstract:

India's late-1997 political crisis has come at an unfortunate time for the country's economic future, although experts maintain that India still offers good investment opportunities. India was well-positioned to attract overseas investment in the wake of the Southeast Asian financial crisis. It had avoided traps into which East Asian countries fell, and it been performing well in the macroeconomic areas on which investors were concentrating. It had also shown itself capable of proceeding with economic reforms under a coalition government comprising differing ideologies.

Economic aspects, India, Economic indicators

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Suharto reasserts Jakarta's compliance with IMF

Article Abstract:

Indonesian Pres Suharto reaffirmed his government's policy of cancelling certain monopolies in order to comply with International Monetary Fund guidelines for financial aid. Suharto apparently was worried the IMF would withhold $3 billion in loans if he failed to cancel the monopolies. Indonesian allegedly has already implemented most of the 50 conditions the IMF insisted on as conditions for organizing a $43 billion bailout.

International Affairs, Intnl Banking Agencies, International Monetary Fund, International relations, Indonesia, Suharto, Monopolies, International economic relations, Indonesian foreign relations

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