Demands To Cancel Indonesian Debts To IMF

Translator

Editor

Senin, 3 November 2003 09:33 WIB

TEMPO Interactive, Jakarta:The Pro-democratic Activists Network (PRODEM) and the Action Study Circle for Indonesian Democracy (LS-ADI) carried out a protest at Jakarta Stock Exchange (BEJ) building today, April 23. They demanded that the IMF, which resides in the JSX building, immediately cancel Indonesian foreign debt that accrued during the era of the New Order government. They argue that the US $ 200 billion -debt is a trap made by the IMF, the World Bank and the Asian Development Bank to burden Indonesian people.

They carried two white banners inscribed with “New Order Government’s Debts Are Not Ours” and “Reject IMF, Cancel Indonesian Debts”. One activist was also smeared with yellow paint the color of Golkar party- to symbolize the corruption, collusion, nepotism and cronyism (KKN) practiced under Golkar.

The protest was aimed at demanding the Government and pro-reform movements immediately take tough law enforcement measures against those involved in KKN (including those within new political parties), such as seizing assets and imprisoning corrupt figures once proven guilty.

According to PRODEM work committee Chairman Nuku Suleiman, the protest was carried out in anticipation of the Consultative Group on Indonesia (CGI) meeting which shall be held today and tomorrow in Jakarta. On the CGI agenda is a discussion of what to do with Indonesian foreign debts inherited from the New Order government.

PRODEM considered the current administration as having failed to carry out a reform agenda as mandated by the people, especially in economic, political, security and legal sectors. President Abdurrahman Wahid’s administration is also considered to have failed to establish good and clean governance, which would be a pre-requisite for debt cancellation. ‘We demand that President Wahid’s administration be subject to a special session in the MPR,” Nuku said.

Meanwhile, LS-ADI demanded that the Government refuse to sign an agreement with the IMF. They consider the IMF to have been robbing Indonesian people’s money since the early monetary crisis. They consider the IMF to be unhelpful in assisting Indonesian people to get out of the crisis, as the institution seems only to trigger collapses in the Indonesian economy and allow US’ aides to give orders to the Indonesian government in all sectors, including in making policies.

Related News

Top 5 Countries with Most Online Gambling Players in the World, Indonesia Ranked First

1 jam lalu

Top 5 Countries with Most Online Gambling Players in the World, Indonesia Ranked First

Here are the five countries with the largest number of online gambling players.

Read More

Today's Top 3 News: Sam Ratulangi Manado Airport Still Closed due to Mount Ruang Eruption

1 jam lalu

Today's Top 3 News: Sam Ratulangi Manado Airport Still Closed due to Mount Ruang Eruption

Tempo English compiled the top 3 news on Sunday, May 5, 2024.

Read More

Post-Eruption of Mount Ruang, Sam Ratulangi Airport in Manado Resumes Operation

2 jam lalu

Post-Eruption of Mount Ruang, Sam Ratulangi Airport in Manado Resumes Operation

Mount Ruang eruptions, Sam Ratulangi International Airport in Manado City, North Sulawesi, Indonesia, resumed operations on Sunday.

Read More

Halal Certification Mandatory Policy Should Not be Postponed, Trade Minister Says

3 jam lalu

Halal Certification Mandatory Policy Should Not be Postponed, Trade Minister Says

Indonesia's Trade Minister Zulkifli Hasan says that the policy necessitating products to have halal certificates by October 2024 must not be postponed

Read More

At Least 14 Died After Flood Hit Luwu, Indonesia

3 jam lalu

At Least 14 Died After Flood Hit Luwu, Indonesia

Floods, with waters reaching up to three meters in height, accompanied by landslides in Luwu District, South Sulawesi, Indonesia, killed 14 people.

Read More

Indonesia, US Sign Grant Agreement on Nusantara Smart Forest City

3 jam lalu

Indonesia, US Sign Grant Agreement on Nusantara Smart Forest City

Indonesia's Nusantara Capital City Authority (OIKN) signs a grant agreement with the United States (US) to realize Nusantara as smart forest city.

Read More

BNPB Reminds Mount Ruang's Eruption Evacuees to Not Believe in Hoaxes

6 jam lalu

BNPB Reminds Mount Ruang's Eruption Evacuees to Not Believe in Hoaxes

Indonesia's National Disaster Mitigation Agency (BNPB) reminded evacuees affected by Mount Ruang's eruption to not believe in hoaxes.

Read More

Indonesia's Geophysics Agency Records 106 Earthquakes in West Java Throughout April

6 jam lalu

Indonesia's Geophysics Agency Records 106 Earthquakes in West Java Throughout April

Indonesia's Meteorology, Climatology, and Geophysics Agency (BMKG) Geophysical Station in Bandung recorded 106 earthquakes in West Java in April 2024.

Read More

Mount Ruang Eruption: BNPB Deploys Helicopter to Evacuate Sick Refugees

7 jam lalu

Mount Ruang Eruption: BNPB Deploys Helicopter to Evacuate Sick Refugees

National Agency for Disaster Management (BNPB) deploys a helicopter to transport refugees who have fallen sick due to Mount Ruang eruption.

Read More

Indonesian Govt Expediting Preparation of Relocation Land for Refugees of Mount Ruang Eruptions

7 jam lalu

Indonesian Govt Expediting Preparation of Relocation Land for Refugees of Mount Ruang Eruptions

The Indonesian govt is accelerating the preparation of relocation land for residents affected by the eruptions of Mount Ruang.

Read More