Back Among the Paupers
Thirteen years after it was judged too wealthy, Indonesia has once again fulfilled the conditions for soft loans from the International Development Association, a World Bank subsidiary that deals with 'poor' countries. The loans should start next year.
February 20, 2001
Indonesia has stepped back 13 years in time. In 1988, Jakarta received loans from the International Development Association (IDA) for the last time. Amid Asia's boom years, Indonesia was judged to be developing at breakneck speed and to be freeing itself from the shackles of poverty. Then came the economic crash of 1997 and the disastrous knock-on effects that followed. Chief economics minister Rizal Ramli has just put forward a request for new ID
...