Indonesia

This Selected Issues paper takes stock of the progress made in meeting the objectives under Indonesia’s Extended Arrangements (1998–2003) program. The paper addresses progress in achieving the programs’ core macroeconomic objectives, with an emphasis on how Indonesia’s economic recovery compares with those of the other major Asian “crisis†countries. A major conclusion of the paper is that, while significant progress has been made against many of the key objectives of the arrangements, Indonesia’s overall economic performance has lagged behind others in the region.Article IV consultations;Selected issues;banking, macroeconomic stability, public debt, bank indonesia, banking system, current account, government debt, short-term debt, debt restructuring, crisis countries, external debt, recapitalization, state bank, bank restructuring, banking sector, balance of payments, central bank, debt service, interbank market, banking sectors, foreign exchange, debt burden, decentralization, government deficit, current account surpluses, public finances, official creditors, external debts, debt burdens, central banks, debt ratios, external financing, foreign debt, bank operations, banking sector reform, decentralization process, domestic debt, bank runs, deposit insurance, bank credits, current account surplus, current account balance, bank recapitalization, bank law, deposit guarantee, debt-equity, bank profits, balanced budget, private banks, bank liabilities, crisis ? countries, current account balances, bank group