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» 07/11/2012
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

Editor's choices
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"Adopt a Christian from Mosul," the thanks of the Patriarch Louis Sako; the concerns of the Bishop of Kurdistan
by Bernardo CervelleraThe head of the Chaldean Church is grateful for the AsiaNews campaign and hopes that "this chain of solidarity will reach far and wide”. Helping refugees to remain in Iraq. But many want to flee abroad. The bishop of Amadiyah where thousands of displaced people have found haven in churches and homes: We also help the Arabs (Muslims), and Yazidis, for free and without looking at our confessional differences.
ITALY - IRAQ
"Adopt a Christian from Mosul" to respond directly to Iraq's emergencyAsiaNews is launching a fundraiser to support Christians targeted by the Islamic State, thus responding to a request by the Patriarch of Baghdad and Pope Francis's urgent appeal "to guarantee all necessary assistance - especially the most urgently needed aid - to the great multitude of people who have been driven from their homes, whose fate depends entirely on the solidarity of others." More than 100,000 people have been forced to flee their homes leaving everything behind and now have nothing to live on. To help them, five euros a day are enough. The funds raised will be sent to the Patriarchate of Baghdad, which will distribute them according to the needs of each family.
CHINA - VATICAN
Wenzhou bishop and priests slam government's campaign against crosses and churches in Zhejiang
by Eugenia ZhangFor Mgr Vincent Zhu Weifang, from the official Church, the campaign of destruction is increasing social instability. It is real persecution against the Christian faith. The bishop apologises for failing to intervene sooner. He was hoping that the campaign would end quickly. Catholics and Protestants suffer injuries as they attempt to defend their sacred buildings. For priests in Wenzhou, the campaign is unfair and touches buildings that have all the right papers. Such "stupid acts" by the government are undermining social harmony.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
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