Date
Timeline Description

This and a second trade adjustment loan in 1988 support the reduction of government expenditures and the liberalization of Indonesia's trade and regulatory environment.

Detail Description

Following a period of rapid growth in the 1970s, economic difficulties emerged in the early 1980s in Indonesia primarily due to the collapse of oil prices. The country addressed its diminishing export income through expenditure reduction and the liberalization of its complex trade and regulatory environment. The World Bank Group's First Trade Policy Adjustment Loan is designed to support these initiatives; a second Trade Policy Adjustment Loan will be approved by the Bank Group in August 1988 for the same purpose. These two loans are ex post in the sense that they are granted in response to actions that were already taken by the Indonesian government.

Image Timeline
Detail of initiating memorandum for proposed trade policy adjustment loan (1058846).
Image Timeline Caption

Detail of initiating memorandum for proposed trade policy adjustment loan (1058846).

Resource
Title
Initiating memorandum for proposed trade policy adjustment loan
Image
Initiating memorandum for proposed trade policy adjustment loan
Description
Nov. 14, 1986
The memorandum summarizes Indonesia's current economic situation and outlook and describes recently announced trade policy reforms (1058846).
Title
Interview with Attila Karosmanoglu
Image
Interview with Attila Karosmanoglu
Description
Interview dates: Nov. 17, 1994 and Jan. 10 and 18, 1995
The introduction of adjustment lending to Indonesia is described on pages 34-35 of the transcript.
Title
Trade Policy Adjustment Loan Project
Description
P003932: Approved Feb. 3, 1987
The project profile contains an overview of the project, financial details, and a list of project documents related to the project.
Image
Trade Policy Adjustment Loan Project
Title
First and Second Trade Policy Adjustment Projects: Project Performance Audit Report
Image
First and Second Trade Policy Adjustment Projects: Project Performance Audit Report
Description
Document date: June 30, 1989
The report evaluates the completed project and describes implementation issues. The Project Completion Report, also included, describes the project's impacts.
Title
Trade Policy Adjustment: President's Report
Image
Trade Policy Adjustment: President's Report
Description
Document date: Dec. 30, 1986
The report describes in detail the trade policy adjustment loan and the policy reforms that the government has agreed to implement as a condition of lending. 
Learn More
On
Timeline
Search text