Jemaluddin Kassum: "We must be serious, focused. What is needed is action"

November 13, 2001

During the New Order period, credit was considered a blessing, and a successful bid for credit was considered a prestigious act. At the very least, it was proof that the government still enjoyed the trust of creditors. These days, the New Order is gone, and huge foreign debts have been inherited by the current government. How much? It has now reached US$74.16 billion (the equivalent of Rp741.6 trillion at an exchange rate of Rp10,000 per US

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