Date
Timeline Description

The World Bank receives written notification from the Government of Indonesia of its decision to withdraw from the IBRD. In its more than decade-long membership in the Bank, Indonesia had not received any loans from the institution.

Detail Description

Indonesia withdraws from the World Bank after more than a decade of membership in the institution during which time the Bank made no loans to the country. Consideration of Bank lending had been suspended on account of the ongoing dispute between Indonesia and the Netherlands over outstanding debts related to the two countries' "Financial and Economic Agreement" of December 30, 1949, and the nationalization of many Dutch enterprises in December 1957. 

Image Timeline
Detail of press release announcing Indonesia withdrawal from World Bank membership (1786878).
Image Timeline Caption

Detail of press release announcing Indonesia withdrawal from World Bank membership (1786878).

Resource
Title
Press release -- Indonesia withdraws from membership
Image
Press release -- Indonesia withdraws from membership
Description
Aug. 17, 1965
The short, four sentence press release does not elaborate on the country's withdrawal (1786878).
Title
Briefing paper for President Woods on Indonesia
Image
Briefing paper for President Woods on Indonesia
Description
Aug. 13, 1964
The briefing paper describes the lack of communication between the Bank Group and Indonesia and provides economic and political updates on the country (1076800).
Title
Memorandum regarding dispute between Indonesia and the Netherlands
Image
Memorandum regarding dispute between Indonesia and the Netherlands
Description
Oct. 2, 1961
The memorandum outlines the political and financial issues that are at the core of the two countries' dispute (1786878).
Title
Memorandum describing recent economic developments in Indonesia
Image
Memorandum describing recent economic developments in Indonesia
Description
Feb. 25, 1964
The memorandum offers a short summary of economic developments in Indonesia including analysis of the effect of it severing economic relations with Malaysia (1786878).
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