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| Titel: |
ON-LENDING IN INDONESIA: PAST PERFORMANCE AND FUTURE PROSPECTS |
| Auteur: |
Lewis, Blane D. |
| Verschenen in: |
Bulletin of Indonesian economic studies |
| Paginering: | Jaargang 43 (2007) nr. 1 pagina's 35-58 |
| Jaar: |
2007-04 |
| Inhoud: |
On-lending to sub-national governments in Indonesia has a long and generally disappointing history. Among other noteworthy problems, an insufficient amount of funds has been channelled through the system vis-a-vis capital fi nancing needs, and loan repayments have proved poor. Aid agencies and government have recently invested substantial resources in attempts to improve the on-lending system; the resultant newly installed regulatory framework for sub-national borrowing is, however, unlikely to improve outcomes substantially. Developing sub-national government access to private capital markets would appear to constitute the way forward, although this will not come quickly or easily. A positive step in the right direction would be for government and aid agencies to embrace the anticipated change and work together to make the transition a successful one, rather than continue to tinker with reforms at the margin of a moribund system. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 4 van 7 gevonden artikelen
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