On-Lending in Indonesia : Past Performance and Future Prospects  

Oleh:

Lewis, Blane D.

Jenis: Article from Journal - ilmiah nasional
Dalam koleksi: BIES: Bulletin of Indonesian Economic Studies vol. 43 no. 1 (Apr. 2007), page 35-58.
Topik: prospect theory; Loan Performance

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB59.10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

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 - à - 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.

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