Economy of Indonesia and the clove monopoly, both involving family members of Suharto. The rupiah remained weak, however, and Suharto was forced to resign in May 1998 after massive riots erupted. In August 1998, Indonesia and the IMF agreed on an Extended Fund Facility (EFF) under President B. J. Habibie that included significant structural reform targets. President Abdurrahman Wahid took office in October 1999, and Indonesia and the IMF signed another EFF in January 2000. The new program also has a range of economic, structural reform, and governance targets. The effects of the crisis were severe. By November 1997, rapid currency depreciation had
Indonesia national football team Indonesia national football team The Indonesia national football team () is an association football team that represents Indonesia. The team is controlled by the Football Association of Indonesia (PSSI) and is a member of the Asian Football Confederation. Prior to the declaration of independence in 1945, the team competed as the Dutch East Indies national football team. Under this name, Indonesia was the first Asian team to participate in the FIFA World Cup, at which time the team qualified for the 1938 FIFA World Cup tournament in France. The Indonesian team was eliminated by the Hungary national team in the