CURRENT

Indonesia signs US$1 bln (RM4.1 bln) loan deal with Australia for Covid-19 relief

12 Nov 2020, 3:07 AM
Indonesia signs US$1 bln (RM4.1 bln) loan deal with Australia for Covid-19 relief

JAKARTA (Reuters) - Indonesia has signed a A$1.5 billion / US$1.09 billion (RM4.5 billion) loan deal with Australia's government to be used to help combat the coronavirus pandemic in the Southeast Asian country, Indonesia's finance minister Sri Mulyani Indrawati said on Thursday.

"Everybody, all parts of society, are hurt by this Covid-19 (outbreak) and the role of fiscal policy together with other instruments, like monetary policy, is very critical during this difficult time," Sri Mulyani told a streamed news conference.

Indonesia has recorded the highest number of coronavirus infections and fatalities in Southeast Asia, with 448,118 cases and 14,836 deaths by Wednesday, according to the country's Covid-19 task force.

— Reuters

What do you think?

Latest
MidRec
Media Selangor
About Us

Media Selangor Sdn Bhd (MSSB), a subsidiary of Menteri Besar Selangor Incorporated (MBI), is the official media agency of the Selangor State Government. In addition to the Media Selangor news portal (formerly known as Selangorkini & Selangor Journal), Media Selangor also publishes newspapers in Mandarin, Tamil, and English.