Skip to Main Navigation

World Bank Group Timeline

April 13, 1967

Indonesia rejoins the World Bank

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. 

Resource Gallery

Interview with David Chamberlin Cole

Interview Date: Nov. 26, 1991
On page 3 of his transcript, Cole refers to Indonesia rejoining the World Bank.

Interview with Kemal Siber

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.

Briefing note for Vice President Knapp on Indonesia

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).

Notes for speech by Vice President Knapp at Time/Life conference on Indonesia

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

Indonesia rejoins the World Bank

1967
Senior Bank staff meets with Indonesian delegation after Indonesia's readmission to the Bank (1723108; Credit: The World Bank).

Annual Meetings of the Boards of Governors, 1967: Summary Proceedings

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.

Corrspondence from Indonesian Finance Minister Frans Seda to President Woods

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).

IFC resolution: Terms for Indonesia rejoining the IFC

Document date: June 30, 1966
This resolution sets out the terms and conditions for Indonesia to rejoin the IFC. 

IBRD resolution: Terms for Indonesia rejoining the IBRD

Document date: June 30, 1966
The resolution sets out the terms and conditions for Indonesia to rejoin the IBRD. 

/content/worldbankgroup/timeline/en/shared/site_configtemp1!!!!!