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Offshore Debts and CGI

Tuesday, January 21, 2003

arsip tempo : 174456954052.

. tempo : 174456954052.

Dradjad H. Wibowo*
*Senior Economist of Indef

 

TOWARDS the meeting of the Consultative Group on Indonesia (CGI) to be held January 21-22 in Bali the controversy over offshore debts has resurfaced. The crucial question is whether or not Indonesia's external debts have been managed maximally—not only the fiscal aspect but also as regards development and social justice.

Theoretically, classical macroeconomics recognizes a concept c


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