Word: jakarta
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...program that Indonesia agreed to last October. Earlier, Suharto had seemed oblivious to the crisis when he sparked panic by announcing a budget woven of pure fantasy. The job of leaning on Indonesia now falls to Deputy Treasury Secretary Larry Summers and Defense Secretary William Cohen, who both visit Jakarta and other Asian capitals this week, along with a senior IMF delegation...
...desired effect on a nation that Thursday was gripped by panic. Indonesia's battered currency, the rupiah, rebounded Friday to close at 7,990, up from Thursday's record low of 10,550 to the dollar. The Jakarta Stock Market's index, which lost 12 percent Thursday, closed only 1 percent down after an early rally. Emissary teams from both the White House and the IMF are on their...
Sell-Off in Indonesia Questions about an IMF bailout prompt panic in the streets of Jakarta. But the Clinton Administration says the plan is sound...
There was panic selling in the streets of Indonesia Thursday as international officials reacted to the possibility that Indonesia may default on its IMF loans. The rupiah lost 26 percent of its value in one day and the Jakarta Composite sank 19 percent at one point before recovering modestly to end the day down 11.95 percent...
...Around the World From Jakarta to New York, our take on 24 hours of New Year...