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  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 07/11/2012, 00.00

    INDONESIA - FMI

    Indonesia provides a mega loan of one billion dollars to save the EU

    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 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

    31/03/2012 INDONESIA
    The protests are forcing the government to reduce the price of gasoline
    The 33% increase would have taken effect tomorrow. Yesterday, more than 15,000 people blocked the center of Jakarta, clashing with police. Dozens of injured officers and shops that have been attacked. Even parliament is rejecting the increases.

    11/03/2009 INDONESIA
    Indonesia rediscovers microbusiness as solution to unemployment
    Exports are collapsing (-36% in January), and unemployment is on the rise from already high levels. With no better prospects, the unemployed are reinventing small businesses, like food carts. The government is financing projects to foster microbusiness. These also include handmade cigarettes.

    10/05/2012 CHINA
    Chinese import-export drops. Doubts about recovery
    Exports grew by 4.9, but forecast increase was 8.5. Imports grew by only 0.3 compared to 5.3 in March and 11% forecast. Domestic demand in sharp decline. At the Canton Fair orders down by 2.3% compared to last year.

    24/04/2009 CHINA
    China increases its gold reserves
    Experts maintain that Beijing wants to increase its gold reserves to 5,000 tons, to protect itself from the global crisis and the possible devaluation of the dollar. It now has about 31 billion dollars worth of gold, but foreign currency reserves of 1.95 trillion.

    17/03/2009 PHILIPPINES
    Philippines, faith and family to overcome economic crisis and unemployment
    The churches of the country are crowded with faithful. They are praying for a job, for a successful interview, to pass an exam at the university. Recent estimates show 300,000 unemployed in the first six months of 2009.



    Editor's choices

    CHINA – VATICAN
    Mgr Ma Daqin, the Vatican and the Patriotic Association’s “crooked logic”

    Gu Feng

    A priest in central China looks at the bishop of Shanghai’s volte-face, comparing him to John the Baptist who was jailed after he accused Herod. Because of their crooked logic, the Patriotic Association and the government seek to eliminate religion from the country. The Vatican is in danger of contradicting itself if it makes compromises with the Patriotic Association. Pope Benedict XVI described the latter as “incompatible” with Catholic doctrine in his Letter to Chinese Catholics, which Pope Francis has never disclaimed, but has instead reiterated.


    CHINA - VATICAN
    Mgr Ma Daqin’s volte-face, a cross to bear for the sake of Shanghai

    p. Pietro dalla Cina

    The auxiliary bishop of Shanghai holds dear the welfare of his diocese and intends to carry alone the burden of his statements of four years ago. Fr Lombardi’s clarification on the role of the Holy See dispels any doubt: the Letter of Benedict XVI to the Chinese Church is still valid; thus the Chinese Patriotic Catholic Association's position is not accepted by the Vatican. A Chinese priest comments. Translation by AsiaNews.


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