The Inter-Governmental Group on Indonesia (IGGI) was established in 1967 as an international consortium of official donors to coordinate the provision of foreign assistance to Indonesia . IGGI was the lead official grouping of donors to Indonesia from 1967 until early 1992 when it was abolished and replaced by the Consultative Group on Indonesia (CGI). For the 25 years up to 1992, IGGI was a key regional institution in Southeast Asia. It helped provide strong international support for Indonesia's economic recovery after the economic difficulties in Indonesia during the period of the Sukarno presidency in 1950s and 1960s.
12-411: The establishment of IGGI followed the convening of several international meetings in late 1966 and early 1967 between creditor countries and Indonesia. At the time, Indonesia had large international debts outstanding. It was recognised by the international community that a rescheduling of debt payments would be needed as part of an agreed program to overcome Indonesia's serious economic problems. The Group
24-1037: A member of the President's Economic Experts Team, and served as Head of the Governing Committee of the World Bank (1971–1973). He was then appointed Minister of Trade in both the Second Development Cabinet and the Third Development Cabinet (1973–1983), Finance Minister in the Fourth Development Cabinet (1983–1988) and was Coordinating Minister of the Economics, Finance and Industry and Development Supervisory Board from 1993. He recorded his views of economic policy in Indonesia in
36-838: The Consultative Group on Indonesia in 1992. (a) Some commitments were for loans while others were for grants. (b) Refers to the six five-year economic plans covered between 1969/70 and 1998/99 known as Rencana Pembangunan Lima Tahun I (or Repelita I ), Rencana Pembangunan Lima Tahun II (or Repelita II ), and so on. (c) Mainly World Bank and Asian Development Bank loans. Source : Bappenas (Indonesian National Planning Agency), Directorate of Bilateral Foreign Financing. 2003. Cited in INFID (International NGO Forum on Indonesian Development). Profiles of Indonesia's Foreign Debts . August 2007. Working Paper. Radius Prawiro Radius Prawiro (29 June 1928 – 26 May 2005)
48-1012: The Netherlands, the United Kingdom, and the United States. Observers included Austria, Canada, New Zealand, Norway, Switzerland, the Indonesia and the World Bank , the International Monetary Fund (IMF), the Asian Development Bank (ADB), the United Nations Development Programme (UNDP), and the Organisation for Economic Co-operation and Development (OECD). Prawiro has described IGGI, during
60-887: The Secretary of the People's Security Committee (Badan Keamanan Rakyat) in Yogyakarta in 1945 and continued as TRI [ id ] Liaison Officer (Perwira Markas Tertinggi Perhubungan TRI) in Yogyakarta from 1947 to 1948, was on the Staff of the Military Governor of the Yogyakarta from 1945 to 1951 and worked as a Technical Officer in the National Accounting Office (Pegawai Teknis Direktorat Akuntan Negara) from 1960 to 1965. He then held
72-482: The institutional trappings to confer upon it the status of an 'official organization'. ... It was an international body that imposed nothing on its members. The purpose of the IGGI was simply to serve as a forum to facilitate coordinated action among its members and the exchange of views." Members of IGGI when it was first established, in addition to Indonesia, included Australia, Belgium, France, West Germany, Italy, Japan,
84-490: The next several decades, the total assistance flow to Indonesia (which was a combination of loans and grants) was estimated to amount to over $ 50 billion, initially mainly provided by bilateral donors but increasingly by multilateral agencies (especially the World Bank and the Asian Development Bank). Later, during the 1990s, the flow of assistance continued within the coordination arrangements agreed to under
96-511: The next year to consider actual aid commitments and plans for further assistance. The international aid program quickly expanded so that by the early 1970s, the IGGI consortium was collectively allocating more than $ 600 million per year to Indonesia. (a) Some commitments were for loans while others were for grants. (b) Asian Development Bank concessional loans. (c) World Bank (IDA) concessional loans. Source : USAID Indonesia. Indonesia and U.S. Assistance . mimeo. September 1972. During
108-630: The period that it existed, as " ... perhaps the world's most effective organization in bilateral and multilateral economic relations." Throughout the next several decades, until the Group was replaced by the CGI in 1992, IGGI met twice a year. Meetings were usually held late each year to discuss Indonesia's foreign aid requirements for the coming fiscal year (which, at that time, started in April), and then in April
120-642: The position of Deputy Minister for the National Audit Office of Indonesia (Deputi Menteri Pemeriksa Keuangan Negara) (1965), Deputy Minister for the central bank (1965), Governor of the National Bank of Indonesia (1966), Governor of Bank Indonesia (1966–1973), and served concurrently as Governor of the International Monetary Fund and the Vice-Governor of the Asian Development Bank for Indonesia from 1967 to 1971. Radius became
132-796: Was an Indonesian economist and politician. The son of Suradi Prawiro, a teacher, Radius attended school in Yogyakarta. In 1942, while still at Middle School he became a cigarette vendor. After finishing school, he continued his education in the Nederlands Economische Hogeschool in Rotterdam , Netherlands . Returning to Indonesia, he completed a doctorate at the Faculty of Economics at the University of Indonesia in Jakarta . His economic and political career began as
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#1732772036189144-435: Was established by consensus, without legal agreements, between creditor countries and Indonesia. Radius Prawiro , one of Indonesia's most well-known policy makers in Indonesia during the 1970s and 1980s, observed that "One of the organization's greatest strengths was its relative informality. The IGGI had no official charter. It was not established through any binding legal agreements. It had no permanent secretariat or any of
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