Indonesia's Post-Crisis Recovery and Growth (1998–2013)

1. Suharto resigns amid economic and political crisis

   May 21, 1998Labels: Suharto, Reformasi

   • Britannica
   • Fall Suharto

2. Jakarta Initiative launched for corporate debt workouts

   Sep 9, 1998Labels: Jakarta Initiative, Corporate debt

   • IMF LOI
   • IMF F D

3. Bank Mandiri formed from four state banks

   Oct 2, 1998Labels: Bank Mandiri, State banks

   • INSEAD
   • Bank Mandiri

4. IMF program formalizes banking recapitalization plan

   Nov 13, 1998Labels: IMF program, Bank recapitalization

   • IMF LOI
   • IMF LOI

5. Regional autonomy laws passed, shifting power to districts

   May 7, 1999Labels: Regional autonomy, Decentralization laws

   • OECD
   • World Bank

6. Bank Indonesia gains stronger legal independence

   May 17, 1999Labels: Bank Indonesia, Central bank

   • Bank Indonesia
   • IMF LOI

7. Paris Club debt treatment agreed under IMF framework

   Apr 12, 2002Labels: Paris Club, External debt

   • Paris Club
   • Bank Indonesia

8. Indonesia ends IMF Extended Fund Facility program

   Dec 19, 2003Labels: IMF EFF, Program completion

   • IMF LOI

9. First directly elected president takes office

   Oct 20, 2004Labels: Susilo Bambang, Direct election

   • Al Jazeera
   • Inauguration

10. Indian Ocean tsunami devastates Aceh and Nias

    Dec 26, 2004Labels: Indian Ocean, Aceh

    • World Bank

11. Bank Indonesia adopts inflation targeting framework

    Jul 1, 2005Labels: Bank Indonesia, Inflation targeting

    • Bank Indonesia

12. Fuel subsidies cut sharply; cash transfers introduced

    Oct 1, 2005Labels: Fuel subsidy, Cash transfers

    • Washington Post
    • Daily Star

13. Investment Law passed to unify investment rules

    Mar 26, 2007Labels: Investment Law, Negative list

    • USINDO

14. Fuel prices raised again amid high oil costs

    May 24, 2008Labels: Fuel price, Energy subsidies

    • ABC News

15. Fitch upgrades Indonesia to investment grade

    Dec 16, 2011Labels: Fitch Ratings, Sovereign upgrade

    • Fitch report

16. Growth peaks near post-crisis high in 2011

    Dec 31, 2011Labels: GDP growth, 2011 peak

    • World Bank
    • WDI Data

17. Indonesia’s 2013 growth slows amid external headwinds

    Dec 31, 2013Labels: 2013 slowdown, External headwinds

    • WDI Data
    • World Bank