The International Monetary Fund Support Program in Indonesia: Comparing Implementation under Three Presidents

This note, based mainly on the author's experience during the crisis period as part of government teams negotiating with the International Monetary Fund (IMF), discusses how three aspects of the IMF-supported program in Indonesia--conditionality, ownership of the program and implementation capacity--affected implementation of the program under Presidents Soeharto, B.J. Habibie and Abdurrahman Wahid.