Economy & debt

Down to Earth No 64  2005

Indonesia owes around US$1.76 billion to the British government. While it is true that this represents just a small fraction of the overall external debt of US$132 billion, it is still a significant sum, far outstripping, for example, the $96 million that the UK government has pledged to the tsunami aid effort.

Most of Indonesia's debt to the UK (US$1.408bn) is in the form of export credit facilities, owed to Britain's Export Credit Guarantee Department (ECGD). The ECGD underwrites Indonesian contracts with private UK companies.

Down to Earth No 62  August 2004

The 2004 CGI mid-year review meeting went almost unnoticed, as the country was in the final run up to Indonesia's first direct presidential election.

The meeting of Indonesia's main creditors, grouped in the Consultative Group on Indonesia (CGI) was held in Jakarta on June 2, 2004. It highlighted the introduction of the Indonesian government's Transition Plan: a policy continuity to ensure a smooth shift between the current government and the next one.

Down to Earth No 62   August 2004

Community holds Newmont to account
Villagers from Buyat Bay, North Sulawesi have lodged complaints with the police over the devastating health impacts of Newmont Minahasa Raya's gold mine. At least 30 people are believed to have died as a result of the heavy metal pollution caused by the mine, which dumps tailings on the sea-bed.

 

Fatal chemical explosion, East Java

WALHI East Java has called for a halt to production and an investigation into PT Petrowidada following an explosion at the company's chemical plant on January 20 which resulted in two dead, 50 others severely injured, and dozens evacuated from the surrounding area. A joint investigation by WALHI East Java and other local groups has documented several past explosions.

Down to Earth No 58  August 2003


Indonesia is being pushed by powerful mining multinationals to open up protected forests for mining, but the international campaign to prevent yet more forest destruction is gaining momentum.

A final decision on whether or not companies can mine in Indonesia's protected forests - putting at risk some of the most biodiverse ecosystems in the world - is expected to be issued by Indonesia's parliament soon.

An Indonesian NGO coalition, led by mining advocacy network, JATAM, is campaigning to ma

Down to Earth No. 58, August 2003


The long record of human rights abuses associated with Indonesia's first pulp and rayon mill in North Sumatra has so far failed to convince the government to shut it down. The protests continue.

Fifty two village heads from three subdistricts in North Sumatra travelled to Jakarta in June to urge the government to shut down the notorious Toba Pulp Lestari (TPL) mill, formerly known as Indorayon.

Down to Earth No. 58, August 2003


Meanwhile, the need to bring about fundamental reform is not addressed.

The international environmental campaigning NGO Greenpeace believes that Indonesia has the world's highest rate of forest loss. Even Indonesian government ministers now admit publicly that deforestation in the country is out of control. "While we might still be having problems with environmental issues like flooding, forest fires and pollution, we nevertheless think we can find a way out.