Search results
1 – 4 of 4
Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…
Details
DOI: 10.1108/OXAN-DB285730
ISSN: 2633-304X
Keywords
Geographic
Topical
A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…
Details
DOI: 10.1108/OXAN-DB287205
ISSN: 2633-304X
Keywords
Geographic
Topical
The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…
Details
DOI: 10.1108/OXAN-DB286478
ISSN: 2633-304X
Keywords
Geographic
Topical
The economic situation is challenging: unemployment was 16.4% in the fourth quarter of 2023, and work and business opportunities are limited. The government has avoided a debt…