Journal Article

Restructuring Indonesia's Sub-national Public Debt: Reform or Reversion?

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Lewis, Blane
dc.contributor.author
Woodward, David
dc.date.accessioned
2012-03-30T07:29:14Z
dc.date.available
2012-03-30T07:29:14Z
dc.date.issued
2010
dc.date.lastModified
2021-04-23T14:02:19Z
dc.description.abstract
Borrowing can be an efficient way for sub-national governments to acquire capital assets, but it also carries risks of fiscal distress and insolvency for borrowers. To minimise these risks, many governments around the world have developed ex-post insolvency remedies, including, most importantly, debt-restructuring mechanisms. In an effort to resurrect borrowing for local infrastructure development, the Indonesian government has designed and begun to implement debt-restructuring programs for sub-national government and sub-national government-owned water supply company defaulters. These programs constitute a major effort to reform an important, long-neglected and problematic aspect of sub-national public finances in Indonesia. There are a number of potential difficulties with the design and execution of the reforms, however, which collectively do not inspire much optimism for rapid progress in reviving financial flows to the sub-national public sector. Still, even halting advances in debt restructuring can substantially increase local infrastructure investment in the long run.
en
dc.identifier.citation
Bulletin of Indonesian Economic Studies
dc.identifier.issn
00074918
dc.identifier.uri
http://hdl.handle.net/10986/4686
dc.language.iso
EN
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holder
World Bank
dc.subject
National Debt
dc.subject
Debt Management
dc.subject
Sovereign Debt H630
dc.subject
State and Local Borrowing H740
dc.subject
State and Local Government: Other Expenditure Categories H760
dc.subject
Economic Development: Regional, Urban, and Rural Analyses
dc.subject
Transportation O180
dc.subject
Project Analysis O220
dc.title
Restructuring Indonesia's Sub-national Public Debt: Reform or Reversion?
en
dc.title.alternative
Bulletin of Indonesian Economic Studies
en
dc.type
Journal Article
en
okr.doctype
Journal Article
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
1120
okr.journal.nbpages
65-78
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.country
Indonesia
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1106094&site=ehost-live
okr.relation.associatedurl
http://www.informaworld.com/smpp/title~content=t713406865
okr.volume
46

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