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In Indonesian, vote-buying is often known as politik uang ('money politics'). According to a survey of 440 respondents by Institut Riset Indonesia in January–March 2020 in areas where local elections were to be held in 2020 , 60% of respondents said that they would allow their vote to be bought.
The International Monetary Fund (IMF) has historically had a large presence in Indonesia, Southeast Asia's largest economy. During the Suharto era of the 1960s to 1990s the IMF enjoyed an active presence in the Indonesian economy and politics gaining influence through political sympathizers and technocrats within the Indonesian government. The ...
The "Old Order" (1950–1965) in Indonesia has long been understood to be a period of turmoil and crisis, characterized by rebellions and political unrest. The weakness of Indonesia's democracy and its gradual transition to authoritarianism during the Old Order can be attributed to conventional modernization theory, which suggests that without strong socioeconomic structures, successful ...
[39] [40] Unlike many of its more export-dependent neighbours, Indonesia managed to skirt the Great Recession, helped by strong domestic demand (which makes up about two-thirds of the economy) and a government fiscal stimulus package of about 1.4% of GDP. After India and China, Indonesia became the third-fastest growing economy in the G20.
In the first round of this election, anti-corruption NGO, Indonesia Corruption Watch found at least 27 cases of money politics during the campaign. [12] The campaign of incumbent governor Fauzi Bowo was the main offender with 12 cases, followed by Alex Noerdin's campaign with 6 cases.
The Bank Bali scandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce Bank Bali chief Rudy Ramli to pay an illegal commission of Rp546 billion (then equivalent to about US$80 million) to private company Era Giat Prima in order to collect Rp904.6 billion owed by two banks taken over by IBRA.
It initially acted as the manufacturer and distributor of ORI (Oeang Republik Indonesia/Money of the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. [45]
After Japan's surrender to the Allied powers in August 1945, Indonesia declared independence. Ministry of Finance is officially established to replace the function of Departement van Financien. [2] The economic situation was dire because of high inflation (due to circulation of De Javasche Bank money, Dutch East Indies money and Japanese Yen). Dr.