Jakarta (The Jakarta Post) - We should not expect too much from the World Bank's decision to upgrade Indonesia to its high-case lending program of up to US$1.4 billion a year, or similar to the pre-1997 economic crisis level, because the new policy will not immediately translate into much larger loan commitments.

True, the steady, significant progress in its reform program has qualified the government for the high borrowing quota, as set in the bank's country assistance strategy (CAS) for Indonesia for the 2004-2007 period. Over the past six years the country has hovered around the base-case scenario of $450-$850 million...

Full Story...

Posted by rjorr at April 14, 2006 5:23 PM