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IBRA |
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It's all in the hands of IBRA [the Indonesian restructuring bank that led many of the negotiations] and the banks now. IBRA has been unable to sell their assets and to change owners and managers; those who mismanaged these enterprises in many cases retain control. In addition, IBRA has so far extracted only the worst "Category V" loans, but it remains debatable whether many of the "Category IV" or "III" loans are of better quality and can return to health. |
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