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Journal : Journal of Regional and Rural Development Planning

Indonesia Transport Loan Projects: Development Outcome Attributions (DOA) on Unemployment, Growth, and Poverty Ingratubun, Muhammad A; Fauzi, Akhmad; Siregar, Hermanto; Nuryartono, R Nunung
Journal of Regional and Rural Development Planning (Jurnal Perencanaan Pembangunan Wilayah dan Perdesaan) Vol. 8 No. 1 (2024): Journal of Regional and Rural Development Planning (Jurnal Perencanaan Pembangu
Publisher : P4W IPB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jp2wd.2024.8.1.54-75

Abstract

Our goal was to investigate the effects of international development banks' foreign exchange loan-funded transportation projects. We examined the effects and efficacy of Indonesia's transport loan projects, which were supported by the World Bank and the Asian Development Bank (ADB), to achieve this, 67 projects of $8.85 billion in value were undertaken between 1972 and 2020. This study is significant because it is the first in the history of development assistance—after 100 years—that is based entirely on banking theories and practices, employing attribution techniques and presuming that all loans will be disbursed into Indonesia's economy. Nevertheless, the effectiveness narratives are untrue because—after being converted into Rupiah—less than 10% of the loan fund made it to Indonesia's economy. According to our analysis, the loans from both banks decreased growth by 200% and increased poverty by 220%, even if they were successful in providing jobs. The disbursement delays of five to seven years result in capital outflows of more than $26 for every $1 loan. Fixing this necessitates a 100% payout in Rupiah into Indonesia's national banking systems the same year that the loan agreements are executed.
Co-Authors ., Harianto Achsani, Noer Azham Adila, Dara Adler H. Manurung Aji Hamim Wigena Akhmad Fauzi Alfian Helmi Alfiana Ainurrahma Amzul Rifin Aprilia Sukmawati Arief Daryanto Arif Satria ASEP SAEFUDDIN Bambang Juanda Bambang Siswaji Bang Bangsawan Bintan Badriatul Ummah Bonar M. Sinaga Budi Purwanto Bunasor Sanim Bustanul Arifin Bustanul Arifin Carunia Mulya Firdausy Dara Adila Desak Putu Ristami Paramita Dewi Rohma Wati Dian Verawati Panjaitan Didin Hafidhuddin MS Dudung Darusman Duhita Herlyn Lusiya Dwi Rachmina Dwirayani, Dina E. Gumbira-Said Eddi Wahyudi Eddi Wahyudi, Eddi Eka Intan KP Eka Intan Kumala Putri Erliza Noor Eva Anggraini Faizul Mubarok Farida Farida Fikrotus Salma, Dzikrina Gumbira Sa'id Guruh Herman Harianto . Harianto Harianto Harianto Harianto Hartoyo Hartoyo Helentina Situmorang Heriyanto S Soba Herlambang, Resandy Hermanto Siregar Hermanto Siregar Hoeriyah, Lilis Hutagaol, Manuntun Paruliah Imam Teguh Saptono Imam Wahyudi Iman Widhiyanto Iman Widhiyanto Ingratubun, Muhammad A Irfan Syauqi Beik Isventina Isventina JAENAL EFFENDI Koes Pranowo Lay, Jann Lilis Hoeriyah Luh Putu Ratna Sundari Lukytawati Anggraeni M. Efendi Arianto Mandar Oak Masbantar Sangadji Muhammad Fazri Muhammad Gunawan Sani Saputro Muhammad Said Didu Nana Rodiana Nidaa Nazaahah Kusumawati Nimmi Zulbainarni Nunung Kusnadi Nurul Taufiqu Rochman Nurwati, Etty Oak, Mandar Ono Juarno Rachman, Muhammad Ibrahim Ratna Winandi Rina Oktaviani Rina Oktaviani Rochman, E, Nurul Taufiqu Rokhani Hasbullah Sa’id, Gumbira Salahuddin El Ayyubi Silaban, Maman Kurniawan Syahputra Sinaga, Bonar M. Sinaga, Roeskani Siska Fibriliani Sahat Sri Hartoyo Suarsih, Siti Syamsul Hidayat Pasaribu Syarifah Amaliah Tauhid Ahmad Tobing, Adil Toni Bakhtiar Tony Liwang Triane Widya Anggriani Trias Andati Ungkap Pasaribu Vionencia P.S. Faria Freitas Wibisono Chandra Widhiyanto, Iman Widyastutik Yandra Arkeman Yani Mulyaningsih Zednita Azriani Zednita Azriani Zednita Azriani Zenal Asikin