>When the IMF "rescue" team tells Indonesia to engage in a
>national fire sale, its only concern is that Indonesia keep up payments on
>its debts, not what will happen to ordinary Indonesians in the
>process.
This is too kind to the IMF. Creating a domestic depression in an economy in financial crisis is part of the standard adjustment package: the rationale is to cut imports, shift domestic production towards exports, and thereby shift the trade accounts from deficit to surplus (thereby freeing up cash for debt service).
Doug