Word: suharto
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...midst of Indonesia?s economic free fall last week, Bill Clinton, in New York City for a fundraiser, delayed Air Force One?s takeoff from a fog-shrouded Kennedy Airport to read the riot act to Indonesia?s strongman, Suharto...
...leaders spent what must have been an uncomfortable 25 minutes on the phone as translators relayed Clinton?s demand that Suharto immediately implement an International Monetary Fund austerity 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...
WASHINGTON: President Clinton got into the banking business Thursday night, making a 20-minute call from Air Force One to Indonesia?s President Suharto to urge compliance with the conditions of the $40 billion IMF bailout extended that country -- and to reassure Suharto that increased compliance would result in increased assistance...
Clinton Calms Indonesia A 20-minute phone call by President Clinton to President Suharto appears to have calmed the panic that yesterday sent Indonesia?s currency and stock market tumbling. Elsewhere in Asia, however, the picture looked grim...
...willing to battle the alliance of bureaucrats, business and labor interests that benefited from the old system. Asian governments have been resisting the details in IMF rescues. The bailout of Indonesia has been slowed by the reluctance of officials to act against firms connected to the children of President Suharto...