Indonesia reportedly settles remaining BLBI-related debt from 1997–1998 crisis

The Jakarta Post reports that the government used Rp 55 trillion in Bank Indonesia surplus funds to clear the remaining debt.

1 Source, 9d ago, first seen 9d ago

TLDR

Indonesia’s government has fully settled its remaining debt related to the Bank Indonesia Liquidity Assistance (BLBI) program, The Jakarta Post reports. The program dates to the 1997–1998 financial crisis. The settlement used Rp 55 trillion in Bank Indonesia surplus funds.

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