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Article: INDONESIA - Profile - Rizal Ramli.
- Article from:
- APS Review Downstream Trends
- Article date:
- March 19, 2001
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Co-ordinating Minister for the Economy since Aug. 2000, Ramli has been a political reformer and a prominent economist. He has worked as an economic consultant and, until Aug. 2000, headed the government's food distribution agency.
In October 2000 Ramli led arrangements for a $2.7 bn debt restructuring deal extended to Texmaco, a textiles and engineering conglomerate, under the stewardship of the Indonesian Bank Restructuring Agency (IBRA). Ramli said later the deal was designed as a template for the restructuring of the remaining debt to be repaid by the 21 largest debtors by end-2000.
Ramli was behind the sale on March 13, 2001, of 25 palm oil ...