Happy Loans

September 25, 2001

Look at the picture of our Coordinating Minister for Economy and the IMF Director in Jakarta. Pak Jatun's face looked so happy. I hope he realizes that the signing of the Letter of Intent (LoI) is the same as pawning this country and its people for the umpteenth time. It also means that we never learn from our past experiences that loans will not solve our problems but only make them worse. The US$400-million fund is miniscule if compared with...

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