2 Comments on “IMF Debt Repayment”

1. Purba Negoro Says:
   October 14th, 2008 at 12:14 am

   One shackle cut, many more to go.
   “Thank God we are free at last, free at last”- Martin Luther King Jnr.

   Bravo Ibu Menteri Sri Mulyani. Sugeng Sukses.
   A shining star eclipsing the lacklustre dust-cloud of the pathetically incompetent useless and bufoonish Pangestu.
   More proof Chinese are totally incapable of any political task, even one so childishly simple as Trade.

2. Andy Says:
   October 14th, 2008 at 3:03 am

   Patung-Much resentment arose however as the loan conditions required the government to implement a number of austerity measures under IMF supervision, including the privatization of state firms and the reduction of subsidies. Many nationalist-populist politicians and public figures saw these steps as harming the nation’s interests.

   Well surprise surprise, guess what guys…The Western world was doing pretty much the same thing years before Indonesia had to. We sold off the Commonwealth bank, Qantas, privatised state electricity companies and of course Telstra. That is what countries do when they have to stand on their own two feet. Of course all these measures have been very unpopular but governments at some point need to balance budgets and how do you do that? By standing at the west’s doorstep with your hand out? ‘please mister give me money’ the catchcry of the typical Indonesian. Well from all socio economic groups that changes. In the form of the very poor begging at traffic lights to the top end of town slapping outrageous taxes on bules and chinese. And tourist attracions having their ‘bule price’ and local price. Anyone been to Borobodur?

   Yes the spoonfed Indonesian populace went crazy the day SBY made the brave move to cut petrol subsidies but that is the way the world works guys. There’s no such thing as a free lunch. Money doesn’t materialize from out of the sky. And i’m frankly sick and tired of watching my own government give it to you when we can’t support all of our own. Particularly the way the world economy is heading.

   No you have never ever gained true Independence. Bludging off the rest of the world is not being independent. Indonesia is like a teenager. Mum, I can do what I want now give me my pocket money.

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