Indonesia Leadership in the Midst of World Financial Crisis - A Look at the Relevancy of Indonesia 2011 Pledge to IMF

The world is currently in crisis, a financial crisis of 2008 up to 2012. The phenomena of financial crisis is not new, as the world experienced it on 1930's Great Depression, not to mention in the late 1980s and the famous 1996-2000 Asian financial crisis that held Indonesia and most countries in Asia in monetary crisis. Is there a way for countries to turn this? International Monetary Fund (IMF) came as a solution to cure those countries in need of fund that includes Indonesia. Indonesia is not cured. However, in 2012 Indonesia declared their pledge to IMF of 1 Billion dollar in terms of bonds and even the Indonesian president by UN Secretary-General is appointed as High-level Panel advisor of Millennium Development Goals beyond 2015. What is the relevancy of Indonesia pledge to IMF of 1 Billion dollar in the midst of world financial crisis? This paper looks at the world financial crisis from Indonesian perspective.