This paper reviews economic developments in Indonesia during the 1990s. The adjustment effort during 1991/92–1992/93 was marked by a tightening of monetary policy, and measures were also taken to curb new external borrowing. Interest rates rose sharply, as large amounts of central bank debt...

This paper reviews economic developments in Indonesia during 1996–97. The Indonesian economy continued to perform well in 1996, with real GDP growth of 7.8 percent. The rate of inflation fell to 5 percent in 1996/97, assisted by improved food supplies and generally subdued import prices. A...