No Way Out for the `Nice Boy'

Indonesia seems happy to be regarded as a "nice boy" and not to care about the high price that will have to be paid for all this debt.

November 13, 2001

After 30 years of development, who would have dreamed that Indonesia would emerge as one of the largest debtors in the world? In the good company of Uganda, Indonesia also enjoys the privilege of being the third most corrupt country in the world. And do not be surprised to learn that 60 percent of the Indonesian population lives below the poverty line, with between 10 percent and 20 percent actually living in extreme poverty. It is very ironic th...

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