Going forward, I expect and would like to see foreign banks and joint venture banks to participate more in Indonesia’s economic revival through its financing activities as often said by their officials. With the larger presence of foreign banks in the banking industry, it is understandable that the number of expatriate staffs in Indonesia is on the increase.
To address these weaknesses, the Federal Reserve and Treasury, in consultation with management of AIG and outside advisers retained by the Federal Reserve, announced on March 2, 2009, a plan designed to provide longer-term stability to AIG while at the same time facilitating divestiture of its assets and maximizing likelihood of repayment to the U.S. government.