Proceedings of the Southeast Asian Conference on Migration and Development (SEACMD 2023)

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Analysis of Foreign Debt in National Development Financing: A Case Study of Foreign Debt in Financing Infrastructure Development in Mandalika Special Economic Zone

Authors
Alfian Hidayat1, *, Sirwan Yazid Bustami2
1Department of International Relations, University of Mataram, Mataram, Indonesia
2Department of International Relations, University of Mataram, Mataram, Indonesia
*Corresponding author.
Corresponding Author
Alfian Hidayat
Available Online 22 January 2024.
DOI
10.2991/978-94-6463-362-7_17How to use a DOI?
Keywords
Mandalika SEZ; Infrastructure Development; Foreign Debt; Asian Infrastructure Investment Bank; Business Group
Abstract

The abstract should summarize the contents of the paper in short terms, i.e. 150-250 wordsThe realization of the financing infrastructure development for Mandalika Special Economic Zone (Mandalika SEZ) through a foreign debt scheme, financed by Asian Infrastructure Investment Bank, has caused various problems such as human rights, social, economic, and environmental issues. This debt problem has received resistance at the grassroots level and is indicated to be included in the category of illicit debt. Therefore, this research aims to explain the reasons behind the policy of financing infrastructure development in Mandalika SEZ through foreign debt schemes. The research uses an analytical descriptive research method and is carried out through several stages, namely data collection, data reduction, data presentation, and conclusion drawing. By using theory of loan pull and theory of loan push, this research puts forward the main argument that the policy of financing infrastructure development in Mandalika SEZ through foreign debt schemes is due to the pull factor, which consists of an offer of a foreign debt loan sourced from AIIB, and the push factor, which is caused by pressures from business groups in Indonesia.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Southeast Asian Conference on Migration and Development (SEACMD 2023)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
22 January 2024
ISBN
978-94-6463-362-7
ISSN
2667-128X
DOI
10.2991/978-94-6463-362-7_17How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Alfian Hidayat
AU  - Sirwan Yazid Bustami
PY  - 2024
DA  - 2024/01/22
TI  - Analysis of Foreign Debt in National Development Financing: A Case Study of Foreign Debt in Financing Infrastructure Development in Mandalika Special Economic Zone
BT  - Proceedings of the Southeast Asian Conference on Migration and Development (SEACMD 2023)
PB  - Atlantis Press
SP  - 221
EP  - 232
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6463-362-7_17
DO  - 10.2991/978-94-6463-362-7_17
ID  - Hidayat2024
ER  -