Date
Timeline Description

The second signing of the IBRD Articles of Agreement by Indonesia kicks off a period of intense and sustained engagement between the country and the World Bank.

Detail Description

Indonesia withdrew from the International Bank for Reconstruction and Development (IBRD) less than two years earlier, but during that time much had transpired in the country. New leadership, led by General Suharto, assumed power in July 1966 and quickly initiated an economic stabilization program, which included rejoining the World Bank, International Monetary Fund (IMF), and United Nations (UN). Immediately upon rejoining the Bank, plans for mission visits by Bank Group officials and the possibility of technical assistance will be discussed. 

Image Timeline
Senior Bank staff meets with Indonesian delegation after Indonesia's readmission to the Bank (1723108; Credit: The World Bank).
Image Timeline Caption

Senior Bank staff meets with Indonesian delegation after Indonesia's readmission to the Bank (1723108; Credit: The World Bank).

Resource
Image
Indonesia rejoins the World Bank
Title
Indonesia rejoins the World Bank
Description
1967
Senior Bank staff meets with Indonesian delegation after Indonesia's readmission to the Bank (1723108; Credit: The World Bank).
Title
Corrspondence from Indonesian Finance Minister Frans Seda to President Woods
Image
Corrspondence from Indonesian Finance Minister Frans Seda to President Woods
Description
May 26, 1967
Minister Seda expresses satisfaction that Indonesia's membership in the World Bank has been renewed and then discusses the possibility of future Bank Group missions to the country (1786879).
Title
Briefing note for Vice President Knapp on Indonesia
Image
Briefing note for Vice President Knapp on Indonesia
Description
Oct. 20, 1967
The briefing note summarizes the history of Bank Group relations with Indonesia and discusses Indonesian debt rescheduling and the provision of new aid (1786892).
Title
Notes for speech by Vice President Knapp at Time/Life conference on Indonesia
Image
Notes for speech by Vice President Knapp at Time/Life conference on Indonesia
Description

Nov. 4, 1967
The notes emphasize how Indonesia is entering a very important period in its economic development (1786892).

Title
Interview with David Chamberlin Cole
Image
Interview with David Chamberlin Cole
Description
Interview Date: Nov. 26, 1991
On page 3 of his transcript, Cole refers to Indonesia rejoining the World Bank.
Title
Interview with Kemal Siber
Image
Interview with Kemal Siber
Description
Interview date: Nov. 25, 1991
On pages 4-9 of his transcript, the former International Monetary Fund (IMF) resident representative for Indonesia's relationship with the World Bank.
Title
IFC resolution: Terms for Indonesia rejoining the IFC
Image
IFC resolution: Terms for Indonesia rejoining the IFC
Description
Document date: June 30, 1966
This resolution sets out the terms and conditions for Indonesia to rejoin the IFC. 
Title
IBRD resolution: Terms for Indonesia rejoining the IBRD
Image
IBRD resolution: Terms for Indonesia rejoining the IBRD
Description
Document date: June 30, 1966
The resolution sets out the terms and conditions for Indonesia to rejoin the IBRD. 
Title
Annual Meetings of the Boards of Governors, 1967: Summary Proceedings
Image
Annual Meetings of the Boards of Governors, 1967: Summary Proceedings
Description
Document date: Dec. 30, 1967
Pages 28-29 of the Summary of Proceedings capture the speech made by the Hon. Frans Seda, Indonesia Governor of the Bank at the Annual Meeting.
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