Fitra: Indonesia Still Owes IMF
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Selasa, 28 April 2015 13:50 WIB
TEMPO.CO, Jakarta – The Indonesian Forum for Budget Transparency (Fitra) rebutted former president Susilo Bambang Yudhoyono's statement that Indonesia is free from debt to the International Monetary Fund (IMF).
The Forum says Indonesia is still paying installments and annual membership dues.
"From 1999 to 2013, the total paid installment is Rp35 trillion," FItra secretary general Yenny Soetjipto told Tempo on Tuesday. She also said that the installment is paid every year by Bank Indonesia.
Yenny said that each year the IMF, the ADB, the World Bank and JICA hand Indonesia promissory notes valuing at Rp2 trillion to Rp3 trillion, of which IMF gets 80 percent.
The promissory note is not posted in the State Budget as foreign loan payment. Instead, it goes to the 'equity into the international financial institutions' post.
In the 2015 State Budget, the country owes Rp700 trillion in foreign loans. Seventy percent is owed to the ADB.
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