{
    "success": true,
    "data": {
        "id": 1217499,
        "msgid": "our-foreign-loans-1447893297",
        "date": "1995-07-12 00:00:00",
        "title": "Our foreign loans",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Our foreign loans Members of the House of Representatives have urged the government to ask the Consultative Group for Indonesia (CGI) consortium for loans totaling about US$6 billion. As House member A.A. Baramuli said, if the CGI were to approve only US$5.2 billion, Indonesia would, in real terms, be getting less than before because of inflation and increased foreign exchange rates. At present, the government has to repay around US$5 billion annually in interests incurred.",
        "content": "<p>Our foreign loans<\/p>\n<p>Members of the House of Representatives have urged the<br>\ngovernment to ask the Consultative Group for Indonesia (CGI)<br>\nconsortium for loans totaling about US$6 billion. As House member<br>\nA.A. Baramuli said, if the CGI were to approve only US$5.2<br>\nbillion, Indonesia would, in real terms, be getting less than<br>\nbefore because of inflation and increased foreign exchange rates.<\/p>\n<p>At present, the government has to repay around US$5 billion<br>\nannually in interests incurred. This is quite a considerable<br>\namount, particularly considering the current account deficit<br>\nwhich totals approximately US$4 billion. The installments, which<br>\nprivate borrowers will have to pay in both interest and<br>\nprincipals, are also expected to grow, as short-terms loans<br>\nmature.<\/p>\n<p>We are not overly concerned about those foreign loans, either<br>\nprivate or government, which have now reached a total of about<br>\nUS$100 billion. The loans are well managed. Nevertheless our<br>\nefforts to reduce our dependence on foreign loans needs to be<br>\nstepped up. This should be done, among other things, by<br>\nincreasing the efficacy of the relevant government apparatus, so<br>\nthat they will become oriented more towards achieving investor<br>\nsatisfaction, be better able to activate the taxation sector and<br>\nbe more creative in their efforts to mobilize domestic funds.<\/p>\n<p>-- Bisnis Indonesia, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/our-foreign-loans-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}