We've got $1 billion you can have, PM tells Indonesia
December 10, 2008 - 12:19PM
(Jangan sampai ditilep itu $1 billion)
NUSA DUA, Bali - Australia will provide $1 billion to Indonesia as a
stand-by loan to help tackle the global financial crisis if it's needed,
Prime Minister Kevin Rudd says.
Rudd has held bilateral talks with his Indonesian counterpart Susilo Bambang
Yudhoyono in Bali, on the sidelines of a democracy forum the two men are
Among the plethora of issues discussed was a facility for a stand-by loan if
needed by Indonesia.
Indonesia is also seeking potential assistance from Japan, the European
Union, the Asia Development Bank and the World Bank.
"The scope ... of our proposed participation is in the vicinity of $1
billion," Rudd told reporters in Bali.
"Australia will of course act as a friend and good neighbour of Indonesia as
we have done in the past, a decade ago, providing a financial facility of
around $1 billion in a different financial crisis.
"This is the sort of thing good friends and good neighbours should do to
help one another in times of global financial crisis."
Indonesia's president thanked Australia for its support.
"The ... thanks is for the provision of a stand-by loan for Indonesia if
needed in case, or if the financial situation in Indonesia requires it,"
Rudd also announced $A3 million towards a new Institute for Peace and
Democracy in Bali, which is aimed at fostering democracy in the Asia
The new institute works alongside the Bali Democracy Forum, and will
organise workshops and research on democratic processes.
Sensei Deddy Mansyur
University of Houston