Hi all,
As you know, the Indonesian economy is currently heavily subsidized
(temporarily; kill now, pay later) through the IMF & World Bank. Whilst
Indonesia, as an authoritarian (and thus more "stable") regime, has been a
favoured loan recipient since the mid-70s, the amount of funds channelled
through these institutions has increased quite sharply during the last
couple of years of the "Asian economic crisis" in a bid to provide a stable
economic environment for the (90% Western) transnationals. Indonesia has
requested a combined total of $US71 billion this year for various projects,
and the WB & IMF, whilst expressing "grave concern" at the situation in
East Timor, have signalled that they have no intention of witholding or
restricting funding.
Contacts:
World Bank President: James Wolfensohn fax: 0011 1
202-522-0355
Executive Director for the United States to the World Bank (the US is by
far the largest capital subscriber):
Ms. Jan Piercy fax: 0011 1 202-477-2967
IMF Managing Director: Michel Camdessus fax: 0011 1 202-623-4661
U.S. representative to the IMF: Karin Lissakers fax: 0011 1 202-623-4940
in solidarity,
Lyndall B.
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