The Government will press forward with the divestment of the remaining IBRA banks with plans to sell majority stakes in Bank Lippo and Bank Internasionel Indonesia by November of this year, and Bank Permata by February 2004. The Government also plans to sell 20% stake in the state-owned Bank Rakyat Indonesia in September of this year.
Ladies and Gentlemen, Despite all these encouraging development in the area of monetary and financial stability, issues, challenges or even problem remains. These problems will remain with us for some time to come. The issues on the monetary front is on the mechanics and the cost of maintaining stability.