INDONESIA’S giant forestry industry and some of the country’s largest forestry-related companies will come under the spotlight at the coming meeting of the Consultative Group on Indonesia under a proposal to downsize the industry. The proposal, which is supported by the World Bank and the International Monetary Fund, calls for a halt in the sale of loans and assets belonging to debt-strapped forestry companies totalling between US$1 billion and US$2 billion by the Indonesian Bank Restructuring Agency until the sector is restructured and licences held by non-cooperative companies revoked.
