Indonesia plunges deeper into crisis as 'Alice approach' defies IMF terms

Article Abstract:

Indonesia is facing a serious economic crisis, with the value of the rupiah and share prices having declined dramatically. The Indonesian government has been unwilling to implement the conditions of the International Monetary Fund (IMF) rescue package, and this could mean that funds stop being made available under this package. The central bank does not seem to appreciate the scale of the crisis, and has dismissed the decline in the rupiah as merely temporary. There are fears that Indonesia's economic problems will begin to have regional implications.

Administration of General Economic Programs, Foreign Economic & Financial Assistance, Economic assistance, Foreign economic assistance, Indonesia

---

South Korean minister quits as financial crisis explodes

Article Abstract:

South Korean Finance Minister Kang Kyong-shik has been forced to resign by the extremely serious financial crisis that the country is now facing. Share prices have fallen dramatically, as has the value of the currency, and there is grave concern about the stability of the country's financial institutions. His replacement, Lim Chang-yuel, has announced a series of measures designed to rescue South Korea's financial system. It is now recognized that wide-reaching reform of the financial sector must be undertaken.

South Korea, Appointments, resignations and dismissals, Financial markets, Kang Kyong-shik

---

Similar abstracts:

• Abstracts: Lost pages of history. Malaysia's crisis gives UK universities money malaise. At last some Dearing-do
• Abstracts: Underfunded scientists sell expertise abroad. If it ain't broke, sell it. The strange case of the rats, the 'cover-up' and a political hot potato
• Abstracts: Angry Yeltsin warns Clinton he risks a third world war. Khatami launches TV diplomacy with America. Protesters prepare as Washington smooths Jiang's path
• Abstracts: Changes will add up to clearer fund results. Richard and Nicola, place your bets. Pop it in a PEP and avoid paying tax
• Abstracts: Robinson suggested share deal to family's offshore trust. Robinson censured by MPs. So who will end up paying for Geoffrey Robinson's low-cost loan?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.