BUSINESSWEEK ONLINE : OCTOBER 11, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS An Economy on Hold INTERNATIONAL AID The IMF has frozen its next installment of $460 million in funds meant to stabilize the financial system. The World Bank and Japan also have cut off aid. MEGAPROJECTS Big infrastucture projects such as the $2.5 billion Paiton power plant by Edison Mission Energy and GE have stalled as Jakarta tries to renegotiate and political jitters rise. BANK RECAPITALIZATION The program to sell seized assets of nationalized banks has stalled because of the Bank Bali scandal and difficulty raising funds. PRIVATIZATIONS The planned sale of $2 billion in equity stakes of state-owned enterprises is floundering. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Indonesia: A Nation Holding Its Breath (int'l edition) TABLE: An Economy on Hold INTERACT E-Mail to Business Week Online

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