When Will Indonesia's Debt to the IMF Be Repaid?

To overcome the 1998 financial crisis, the Indonesian government borrowed from the International Monetary Fund (IMF). Of the committed loan of 17.36 billion Special Drawing Rights (SDRs), the government only disbursed 11.1 billion SDRs, equivalent to US$14.9 billion or approximately Rp 93 trillion.

Indonesia received the first disbursement on November 10, 1997, amounting to 2.2 billion SDRs, or approximately US$3 billion. The final disbursement was in 2003, totaling 1.38 billion SDRs, disbursed in four stages of 344.06 million SDRs each.

(Read Databoks: How Much Did Indonesia Owe the IMF During the 1998 Crisis?)

The government repaid the principal loan amount of US$11.1 billion between 2001 and 2006. The final payment, amounting to 2.15 billion SDRs, was made on October 12, 2006. After this payment, Indonesia's debt to the IMF was fully repaid. Interest and other loan charges, totaling 2.1 billion SDRs, were paid between 1998 and 2006, with the final payment made in September 2006. Therefore, the total repayment to the IMF, including principal and interest, amounted to 13.21 billion SDRs.