Foreign aid to Indonesia

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Indonesia

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US$43 billion in International Monetary Fund (IMF) aid in 2003 was sent as foreign aid to Indonesia, and this assistance has traditionally been an important part of the central government’s budget. From 1967 to 1991, most aid was coordinated through the Inter-Governmental Group on Indonesia (IGGI) founded and chaired by the Netherlands; since 1992, without the Netherlands, the organization has been known as the Consultative Group on Indonesia (CGI). Although Indonesia terminated its IMF aid program in December 2003, it still receives bilateral aid through the CGI, which pledged US$2.8 billion in grants and loans for 2004. Japan and the Asian Development Bank also have been key donors.

This article contains material from the Library of Congress Country Studies, which are United States government publications in the public domain.