Dutch Curse on Indonesia: The Morality of Asian Development Bank (ADB) Loan Projects
Dutch Curse on Indonesia: The Morality of Asian Development Bank (ADB) Loan Projects

Author(s): Muhammad Amir Ingratubun
Subject(s): Business Economy / Management, Economic development
Published by: Scientia Moralitas Research Institute
Keywords: Dutch disease; Dutch curse; disbursement delays;
Summary/Abstract: Natural Resources Curse, known as Dutch Disease, is because of capital inflow which promotes increase growth and employment level. Indonesia suffers from Dutch Disease working in reverse because of capital outflow, increase unemployment and poverty, and growth retardations from its borrowing from the ADB. I termed this as Dutch Curse because of the colonial connection the Indonesian and Dutch have since the early 17th century. The Dutch Curse is constantly inflicting Indonesia since 1969 because of ADB loans and their disbursement conditionalities. To resolve these issues, it takes more than just the realignment of Indonesia and ADB cooperation, but also moral responsibility and conscious awareness.

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