Horror for Future Generations

January 1, 2002

Debts will remain a problem to the entire population of Indonesia. Even government debts, domestic and foreign, have become a terrifying horror. Local liabilities in the form of bonds as collateral (including Bank Indonesia's liquidity support, BLBI) alone have reached Rp218.3 trillion, not to mention recapitalization bonds for the rescue of banks worth Rp429.6 trillion. In the meantime, external debts total US$74 billion, equivalent to Rp740

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