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Home / World / Indonesia and Australia sign $1 billion AUD loan to help pandemic

Indonesia and Australia sign $1 billion AUD loan to help pandemic



Indonesia signed a loan of over US$1 billion with Australia on Thursday local time to help the Southeast Asian country respond to the coronavirus pandemic.

Indonesian Finance Minister Sri Mulyani Indrawati announced a US$1.09 billion loan at a press conference. Reuters report.

“This COVID-19 hurts everyone in the entire society [outbreak] She said: “In this difficult period, the role of fiscal policy and monetary policy and other tools is crucial.”

According to data from Indonesia, Indonesia has reported 448,1

18 COVID-19 cases, resulting in 14,836 deaths. Johns Hopkins University.

However, according to several experts, the number of cases reported in Indonesia is lower than the actual number of cases because the detection rate reported by Indonesia is one of the lowest in the world diplomat.

Like many countries, the coronavirus pandemic has affected Indonesia’s economy and plunged it into recession for the first time since 1997.




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