Building a University and Center For Energy in Sumatra, Indonesia

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 3
- File Size:
- 324 KB
- Publication Date:
- Jan 1, 1991
Abstract
Indonesia has enormous mineral resources. Its population of more than 180 million people inhabit most of the more than 13,000 islands. The country is becoming a significant economic power in Southeast Asia. Indonesia is the largest Muslim country in the world. Java, its largest island, is the most densely populated area. The country's diversity is its strength. However, as only an estimated 16 million inhabitants speak bahasa Indonesia as the first language, communication problems endure. Although burdened with large debts, Indonesia has been able to service the debts better than most developing nations. This has given it high credibility and, with increasing frequency, creditor nations compete to provide Indonesia loans with the most the most favorable financial terms. Recent rising prices of petroleum crude has further improved Indonesia's economic status. It maintains a policy of stable oil prices that it promotes in OPEC, of which it is an influential member. As a result, Indonesia is becoming increasingly attractive to foreign investors. The South East Consortium for International Development (SECID) is made up of 34 universities in the southeastern US and Indonesian partners Lembaga Afiliasi Penelitian dan Industri (LAPI) of the Institute of Technology in Bandung, West Java. SECID bid successfully against international competition to develop new academic programs and campus for the Sriwijaya University UNSRI) in Palembang, South Sumara. Funding for the project was provided by the government of Indonesia through a loan from the Asian Development Bank (ADB). There are 47 public universities
Citation
APA:
(1991) Building a University and Center For Energy in Sumatra, IndonesiaMLA: Building a University and Center For Energy in Sumatra, Indonesia. Society for Mining, Metallurgy & Exploration, 1991.