Reforming Poor Countries' Debts

February 20, 2001

Ben Perkasa Drajat *)

 

It's now official: Indonesia is poor. Her per capita income is only US$580. Her gross domestic product (GDP) for 2000 shrunk by half compared to the pre-crisis era to $144 billion for a total population of 207 million. The line between the low- and middle-income countries, according to the World Bank's standard criteria, is $650. Prior to the crisis, in 1996, per capita income was $1,150, with GDP of $227.3 bil

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