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INDONESIA. EXTERNAL FINANCING NEEDS. Government debt since the crisis. Government debt, US$ billion, Macrh 1995-March 2000. US$ Billions. 150. 125. Domestic Debt. 100. 75. 50. 25. External Debt. 1994/95. 1995/96. 1996/97. 1997/98. 1998/99. 1999/00.
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INDONESIA EXTERNAL FINANCING NEEDS
Government debt since the crisis Government debt, US$ billion, Macrh 1995-March 2000 US$ Billions 150 125 Domestic Debt 100 75 50 25 External Debt 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 Source: Bank Indonesia, MOF and World Bank estimates
Government debt as percentage of GDP Congo, Dem. Rep. Cameroon Belgium Israel Jordan Sri Lanka Pakistan Hungary Nepal Algeria The Indonesian Government’s debt was small before the crisis Zimbabwe Mongolia Cyprus United States St. Vincent Bolivia Peru Albania Malta Turkey Bahamas, The Georgia Norway Indonesia Bahrain Lithuania Colombia Czech Republic Luxembourg Portugal 0 50 100 150 200 250 300
Government debt as percentage of GDP Congo, Dem. Rep. Burundi Cote d'Ivoire Sierra Leone Lebanon Indonesia Canada Lesotho Mongolia Nepal Maldives Spain Cyprus The Indonesian Government’s debt was large after the crisis Philippines United Kingdom Bolivia India United States Iceland Georgia New Zealand Bahamas, The Switzerland (For Indonesia, as of March 2000; for other countries, latest year for which data are available) Bahrain Belarus Australia Chile Korea, Rep. Latvia Portugal 300 0 50 100 150 200 250
Revenues/GDP (Percent) 70 60 Denmark Norway Belgium France 50 Canada 40 Spain 30 Japan Korea Philippines 20 Indonesia (1997)* Mexico 10 0 0 20 40 60 80 100 120 140 Lots of debt, little revenues Debt/GDP (percent)
US$ Billion 18 16 14 Domestic 12 Principal 10 Foreign Principal Foreign Interest 8 6 4 Domestic Interest 2 0 FY98/99 FY99/00 2000 b/ 2001 2002 Debt repayment is about to increase
IndonesiaKey financing issues • Terms • Uncertainty • Expenditure allocation • Financial management • Borrowing & decentralization • Flexibility • Multi-year framework
INDONESIA EXTERNAL FINANCING NEEDS