Offshore Debts and CGI
January 21, 2003
Dradjad H. Wibowo* TOWARDS the meeting of the Consultative Group on Indonesia (CGI) to be held January 21-22 in Bali the controversy over offshore debts has resurfaced. The crucial question is whether or not Indonesia's external debts have been managed maximallynot only the fiscal aspect but also as regards development and social justice.
Theoretically, classical macroeconomics recognizes a concept c
*Senior Economist of Indef