The IMF's Camdessus On Suharto's Recalcitrance

TIME: What happens if Suharto refuses to cooperate? Does he have the IMF over a barrel?

Camdessus: No. We have never hesitated to interrupt our financing when a country doesn't fulfill its commitment. Of course, we will have to do that with Suharto if--but I hope this will not be the case--he ignores his signature and his pledges. I have no leeway on this. There are conditions established by an executive board representing the entire world.

TIME: Could that trigger a larger crisis?

Camdessus: By not disbursing? I think I would be taking more risks for the world if I were...

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