Australia Announces Debt Conversion for Indonesia
Tempo Interactive, Thursday, 15 July, 2010 | 17:35 WIB
TEMPO Interactive, Jakarta: Australia has unveiled conversion for AUS$75 million of its loan to Indonesian government into global health fund, during the visit of Australian Foreign Affairs Minister Stephen Smith today (15/7).
The conversion would translate into obligation by Indonesia to invest half of the loan into debt2health initiative, to fight the spread of AIDS, tuberculosis, and Malaria in Indonesia, which was signed by Australia, Indonesia, and debt2health. Indonesia has the third largest TB-infected population with more than 90,000 deaths every year.
Director General of Debt Management of the Finance Department Rahmat Waluyanto said in the occasion "We have supported the initiative from the beginning, (it) enables us to divert (payment) for debts to public health programs."
ISMA SAVITRI
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