Skip to main content

Posts

Showing posts with the label Has No Debt

Bahlil Relieved RI Has No Debt to IMF Thanks to SBY

Bahlil Relieved RI Has No Debt to IMF Thanks to SBY The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia is relieved that Indonesia has been free from debt to the International Monetary Fund (IMF). This debt was paid off in October 2006 during the leadership of President Susilo Bambang Yudhoyono (SBY).  "We have to thank the government before Pak Jokowi, namely during Pak SBY's era. It managed to settle our debt to the IMF," said Bahlil, in a press conference at the Office of the Ministry of Investment/BKPM, Jakarta, Friday (30/6/2023).  Bahlil said that being indebted to the IMF was like being indebted to loan sharks. In this case, he considered that there were many economic policy packages that were not in accordance with Indonesia.  SCROLL TO RESUME CONTENT "According to their study, they also say that this is like loan-sharking. So there are many economic policy packages from the IMF that are not suitable for ou