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Friday, October 31, 1997 Published at 10:28 GMT



World: Far East

Indonesia: IMF Agreement

Indonesia has announced a three-year economic reform programme, to be supervised by the International Monetary Fund and including the privatisation of several state monopolies.

It's thought to be worth at least fifteen billion dollars.

The Finance Minister, Mar'ie Muhammad, said deregulation of state bodies was a key element of the plan.

The BBC Indonesia correspondent says that along with measures that have been announced, there have also been hints that the government may abandon a controversial car-manufacturing programme, under which a company headed by President Suharto's son has been given large tax breaks.

From the newsroom of the BBC World Service
 







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