Sri Mulyani Indrawati, Indonesias minister of finance, speaks during a panel discussion at the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Thursday, April 20, 2017. The emergence of protectionist forces could undermine a modest brightening of the global growth outlook and is putting severe strain on the post-World War II economic order, the IMF said this week. Photographer: Andrew Harrer/Bloomberg
JAKARTA: For Fuad Bawazier, the financial crisis that moved like a wrecking ball through the Indonesian economy two decades ago remains a source of deep regret.
As finance minister in the dying days of Suharto’s dictatorship, Bawazier said he tried to warn the president against accepting a bailout of more than US$40bil put together by the International Monetary Fund because of the strict austerity conditions linked to it.
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