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Topic: Business
Number of pages / Number of words: 10 / 2558
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These conditions stated that Suharto had to break up all the monopolies that were controlled by his family members and close friends within his country that he supported and backed; he had to allow more international business of Indonesia's commercial and banking sectors. At the same time the IMF demanded high interest rates to maintain the loaned currency, but this would have the effect of hurting business activity further and leading to more job cuts...


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At the same time the IMF demanded high interest rates to maintain the loaned currency, but this would have the effect of hurting business activity further and leading to more job cuts. To prevent inflation, the IMF requested a strict government budget, with a designated ending point of price subsidies on basic consumer goods...


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