Indonesia and the IMF

Paper Summary:

This paper outlines the mission and powers of the IMF and looks at how it helped resolve the financial crises that hit the East Asian countries in 1995. In particular, the paper focuses on the role of the IMF in helping Indonesia recover from the financial crisis that hit the Asian markets and discusses some of the criticisms aimed at the organization's policies and practices.

Outline
Introduction
The International Monetary Fund
Indonesia and the IMF
Criticism
Implementations
Summary
Conclusion

From the Paper:

"Among the major consequences of the crisis one cannot forget the psychological, economic, political, social, and security-oriented factors as the crisis and its effects forebode extensive implications for individual countries, the region, and the global community as a whole. As is its policy the International Monetary Fund (IMF) has stepped to the aid and Indonesia and South Korea have accepted. In any case, difficult times still lie ahead, as effects of the financial crisis ripple through economies, causing social unrest and political uncertainty. The outcome remains unpredictable. What is clear is that the restoration of economic growth, trade, and investment is the surest way to reduce economic hardship, avoid social unrest, maintain political stability, and enhance security. Conversely, the longer and deeper the crisis, the greater the costs and the risks to all."

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• Research Paper # 46710 : "Indonesia"

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