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Malinau District, established through partition in 1999, is the largest district in East Kalimantan and contains some of its largest tracts of forest. With decentralization, the district has sought to generate revenues from its forests, but these efforts have been handicapped by a concurrent lack...
In 1997, a major financial crisis struct Asia. In the wake of that crisis, the International Monetary Fund and the World Bank provided large loans to the Indonesian government in return for their commitment to implement policy reforms intended to stabilize the economy and rekindle growth. Those r...
Bank Mandiri, the largest bank in Indonesia, was the latest government institution to provide financial subsidies to Indonesian forestry conglomerates by writing off major part of their debts. Before Bank Mandiri, IBRA, under the pressure by the IMF for the “quick sales” of its assets, had writte...
United Fiber System, Ltd (UFS) seeks to secure financing for a 600,000 tonnes greenfield pulp mill project in South Kalimantan, Indonesia. It will be somewhat unique in Indonesia in that it will source its fiber entirely from sustainably managed plantations and will generate minimal negative impa...
Since the mid-1980s, policy discussions aimed at promoting sustainable forest management in Indonesia have focused almost exclusively on reforming the HPH (Hak Pengusahaan Hutan) timber concession system. Policy interventions proposed by the World Bank and other advocates of the “sustainable logg...
The Indonesian Bank Restructuring Agency (IBRA) holds US$ 4.1 billion in loans related to forest and estate crop activities, of which US$ 2.7 billion are nonperforming. Ten large conglomerates account for over 70% of the bad forest and estate crop debt. These groups are also responsible for some ...
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