Date
Timeline Description

The loan is the first of three structural measures approved by the Bank Group in response to the Asian financial crisis.

Detail Description
The impact of the late-90s Asian financial crisis, along with a number of other adverse effects (forest fires, drought, and political instability brought on by the illness of President Suharto) resulted in an abrupt end to thirty years of steady, if at times uneven, economic development in Indonesia. In an effort to address the financial crisis, the World Bank Group approves three structural measures in quick succession. The $1 billion Poverty Reform Support Loan, as part of an integrated package of external assistance coordinated with other donors, will assist the Government of Indonesia during the first stage of policy reform implementation designed to address the economy's free fall and mitigate the effects of the economic crisis and drought on the poor. A second Policy Reform Support Loan and a Social Safety Net Adjustment Loan will be approved by the Bank Group in May 1999.
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Detail of briefing note on recent economic developments in Southeast Asia (1865940).
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Detail of briefing note on recent economic developments in Southeast Asia (1865940).

Resource
Title
Briefing note on recent economic developments in Southeast Asia
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Briefing note on recent economic developments in Southeast Asia
Description
Oct. 21, 1997
The briefing note is for East Asia and Pacific Vice President Jean-Michel Severino and describes economic developments in six countries, including Indonesia, since the beginning of the financial crisis (1865940).
Title
Minutes of the Operations Committee, February 11, 1998
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Minutes of the Operations Committee, February 11, 1998
Description
Feb. 24, 1998
The minutes describe the February 11th meeting of the Operations Committee during which the Policy Reform Support Loan was discussed (30010887). 
Title
Memoranudm to be considered during Operations Committee meeting, February 11, 1998
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Memoranudm to be considered during Operations Committee meeting, February 11, 1998
Description
Feb. 11, 1998
The memorandum describes the various challenges to be considered and questions to be answered when discussing the Policy Reform Support Loan (30010887).
Title
Policy Reform Support Loan Project
Description
P056230: Approved July 2, 1998
The project profile contains an overview of the project, financial details, and a list of project documents related to the project.
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Policy Reform Support Loan Project
Title
Policy Reform Support Loan: Implementation Completion Report
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Policy Reform Support Loan: Implementation Completion Report
Description
Document date: March 1, 2000
The report rates the outcomes of the project, offers lessons learned, and describes the impacts of the project.
Title
Policy Reform Support Loan: President's Report
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Policy Reform Support Loan: President's Report
Description
Document date: April 28, 1998
The report and recommendation of the president outlines the policy reform adjustment loan and reforms that the government has agreed to implement as a condition of lending. 
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