The Indonesian Bank Restructuring Agency (IBRA) holds US$ 4.1 billion in loans related to forest and estate crop activities, of which US$ 2.7 billion are nonperforming. Ten large conglomerates account for over 70% of the bad forest and estate crop debt. These groups are also responsible for some ...
Barr, C.
,
Brown, D.
,
Casson, A.
,
Kaimowitz, D.
,
[Hutang perusahaan dan sektor kehutanan Indonesia]
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Hutang perusahaan dan sektor kehutanan Indonesia
Bank Mandiri, the largest bank in Indonesia, was the latest government institution to provide financial subsidies to Indonesian forestry conglomerates by writing off major part of their debts. Before Bank Mandiri, IBRA, under the pressure by the IMF for the “quick sales” of its assets, had writte...
Barr, C.
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Setiono, B.
,
[Writing off Indonesia’s forestry debt: how the IMF, the Indonesian Bank Restructuring Agency and Bank Mandiri are financing forest destruction]
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Writing off Indonesia’s forestry debt: how the IMF, the Indonesian Bank Restructuring Agency and Bank Mandiri are financing forest destruction
The Indonesian Bank Restructuring Agency (IBRA) holds US$ 4.1 billion in loans related to forest and estate crop activities, of which US$ 2.7 billion are nonperforming. Ten large conglomerates account for over 70% of the bad forest and estate crop debt. These groups are also responsible for some ...
Barr, C.
,
Brown, D.
,
Casson, A.
,
Kaimowitz, D.
,
[Corporate debt and the Indonesian forestry sector]
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Corporate debt and the Indonesian forestry sector