EU backs IMF deal
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.EU backs IMF deal
EUROPEAN Union governments unanimously backed an IMF threat yesterday to pull out of a $43bn rescue package for Indonesia if President Suharto presses ahead with a plan to peg the rupiah to the dollar.
Jakarta's move would allow it to go on subsidising imports of rice milk and fuel and so avert further food riots. But the IMF and most western governments are opposed to IMF stand-by credits being used to back Indonesia's currency reserve. Without backing, a fixed exchange rate between the rupiah and the dollar would be "catastrophic", British officials said.
- Katherine Butler, Brussels
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments