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Economy & debt

The RSPO - towards "sustainable palm oil"?

Down to Earth No 66  August 2005

Interview with Marcus Colchester

Marcus Colchester is Director of the international NGO, Forest Peoples Programme, and a member of DTE's management committee. He has participated with Indonesian NGO, Sawit Watch, in the Roundtable on Sustainable Palm Oil (RSPO) as a member of its Criteria Working Group.

Timber demand soars, fatal floods hit

Down to Earth No 66  August 2005

Flash floods hit southeastern Aceh in late April, killing at least nineteen people and injuring dozens more. The disaster can be linked to the huge demand for reconstruction timber in post-tsunami Aceh.

The floods brought rocks, logs and water crashing down hillsides, completely destroying people's homes late on April 26th, when most villagers were asleep. The villages of Lawe Gerger, Lawe Mengkudu, and Lawe Lak-Lak in Southeast Aceh district, were worst hit.

Tangguh project Update 2005

Down to Earth No 65  May 2005

Status of the project

The 'final investment decision' to proceed with Tangguh came on March 7th, after many delays. The construction phase of the US$5 billion project is now expected to start in late 2005. Tangguh will be operational in 2008, with two full gas production units or 'trains' (Reuters7/Mar/05, TIAP 2004).

After the tsunami: more disastrous debts?

Down to Earth No 64  March 2005

Will the tsunami disaster bring a greater debt burden for Indonesia's future generation?

An international summit to raise funds for relief in countries affected by the Indian Ocean tsunami, was held in Jakarta on January 6th.

Indonesia's 'odious' arms debt to the UK

Down to Earth No 64  2005

Indonesia owes around US$1.76 billion to the British government. While it is true that this represents just a small fraction of the overall external debt of US$132 billion, it is still a significant sum, far outstripping, for example, the $96 million that the UK government has pledged to the tsunami aid effort.

Most of Indonesia's debt to the UK (US$1.408bn) is in the form of export credit facilities, owed to Britain's Export Credit Guarantee Department (ECGD). The ECGD underwrites Indonesian contracts with private UK companies.

Mid-term CGI meeting 2004: is transition period the beginning of reform?

Down to Earth No 62  August 2004

The 2004 CGI mid-year review meeting went almost unnoticed, as the country was in the final run up to Indonesia's first direct presidential election.

The meeting of Indonesia's main creditors, grouped in the Consultative Group on Indonesia (CGI) was held in Jakarta on June 2, 2004. It highlighted the introduction of the Indonesian government's Transition Plan: a policy continuity to ensure a smooth shift between the current government and the next one.

In brief... DTE 62 - August 2004

Down to Earth No 62   August 2004

Community holds Newmont to account
Villagers from Buyat Bay, North Sulawesi have lodged complaints with the police over the devastating health impacts of Newmont Minahasa Raya's gold mine. At least 30 people are believed to have died as a result of the heavy metal pollution caused by the mine, which dumps tailings on the sea-bed.