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» 07/11/2012 18:27
INDONESIA - FMI
Indonesia provides a mega loan of one billion dollars to save the EU
by Mathias Hariyadi
The decision is the result of binding agreements between Jakarta and the International Monetary Fund signed during the G-20. For the opposition the maneuver will afflict the population even more. The country already has a deficit of 36 billion dollars. In a meeting with the Indonesian President, Christine Lagarde warns that no country is immune from the crisis of the euro.

Jakarta (AsiaNews) - Indonesia will have to pay the International Monetary Fund (IMF) loan of one billion dollars. Experts say the sum is a kind of interest for the economic aid provided by the IMF during the financial crisis of 1998. The news, confirmed by Hatta Radjasa, Minister for Economic Affairs, has sparked harsh criticism from the opposition, which accuses the government of having accepted the IMF's dictates without consulting parliament. The loan was signed in a meeting between Christine Lagarde, the IMF General Secretary, and President Yudhoyono held yesterday in Jakarta. After the meeting, the IMF chief said to the Indonesian media that "no country in the world is immune from the crisis of the euro". The request is part of the loan agreements signed at the summit of the G-20 in Mexico, forcing Indonesia to support the IMF.

I Gusti Agung Rai Wirajaya, a member of the Indonesian Democratic Party Struggle (PDIP), calls the move "reckless" and stresses that the country already has several debts with the Asian Devolpment Bank, the World Bank and the Australian government. The interest will be paid with a tax increase that will impoverish all Indonesian citizens.  Other criticisms come from Megawati Soekarnoputri, former Indonesian president, according to whom the move is damaging, unnecessary and "will increase the suffering of the population." In recent months the government has revealed a deficit in the treasury of $36 billion.

Agus Martowardoyo, Minister of Finance, defends the government's decision and explained that the loan will not affect state coffers, but will be disbursed through the treasury bills of the Central Bank of Indonesia. The minister said the money paid to the IMF is an act of goodwill towards an institution which in 1998 saved the country from the financial crisis that had forced President Suharto to resign. It is also a gesture of friendship to the countries of Europe, whose crisis is also affecting the Indonesian economy.

 

 

 


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See also
03/31/2012 INDONESIA
The protests are forcing the government to reduce the price of gasoline
by Mathias Hariyadi
03/11/2009 INDONESIA
Indonesia rediscovers microbusiness as solution to unemployment
by Mathias Hariyadi
05/10/2012 CHINA
Chinese import-export drops. Doubts about recovery
04/24/2009 CHINA
China increases its gold reserves
03/17/2009 PHILIPPINES
Philippines, faith and family to overcome economic crisis and unemployment
by Santosh Digal

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CHINA
Chinese scholar calls for CP reform, warns the PRC will go the Soviet way For Zhang Xien, a professor at Shandong University, 20 per cent of the CP's 83 million members are old, sick and "unable to toe the party line". At least 32 million should be encouraged to leave. The scholar addresses the dangerous issue in an article published by a biweekly magazine published by the People's Daily, the party's mouthpiece. He wants better entry requirements to weed out potentially bad officials.
VATICAN
Pope to Movements: The action of the Spirit is newness, harmony, missionAt Mass for Pentecost, along with movements and lay associations, Francis asks believers not close in on themselves for fear the 'God’s surprises', defending ourselves " barricaded in transient structures which have lost their capacity for openness." The harmony of the Spirit brings unity, not exclusivism or standardization. "The Holy Spirit ... saves us from the threat of a Church which is gnostic and self-referential, closed in on herself" and " drive us to the very outskirts of existence in order to proclaim life in Jesus Christ." The final thanks of the Pope: "You are a gift and a treasure for the Church."
VATICAN
Growth in number of Catholics worldwide, number of priests and seminarians also increaseThe data from the Statistical Yearbook of the Church. The faithful of Rome have passed, from 1196 in 2010 to 1214 million in 2011, up 1.5%. Asia remains a religiously vibrant continent: number of faithful and priests rise, as do the number of professed religious who are not priests, seminarians, and in contrast to the world's data, the number of nuns.

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