Strengthening these borrowers by reducing their residual foreign exchange risk improves 3  BIS Review 40/1999  their creditworthiness, thereby creating an incentive to complete a restructuring. Aside from the INDRA scheme, the Jakarta Initiative was established to help facilitate the meetings between debtors and creditors, and a special task force to help banks restructure their assets was also set up.
We should expect that the restructuring of companies will take place along with the restructuring of the banks, and they should be strengthening each other’s progress. 13. As a final remark, bank restructuring formed a complete set of economic recovery program together with: (i) the corporate debt restructuring, (ii) monetary and macroeconomic stability, and (iii) improvement of public and private sector governance.