Indonesia welcomes proposed debt relief
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Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for reconstruction. The proposal came amid concerns over ballooning costs of reconstruction from the tsunami that killed over 45,000 people in Indonesia.
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The union cabinet approved a 27.31 billion rupee relief package on Wednesday for victims of the deadly tsunami that slammed into the country's eastern shore last month.
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The prospect of a new Indonesian president with a hard line against terrorism has been welcomed by Foreign Affairs Minister Phil Goff.
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Local outlets are available for people looking to donate money to the relief efforts taking place in Indonesia following a Sunday earthquake and tsunami that has claimed the lives of more than 100,000 people.
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Indonesia's government backs a plan to dump muddy water into a river, to help stave off a huge mud spill.
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Indonesia's president visits the island of Sumatra, spared major damage when two big earthquakes hit last week.
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U.S., British officials voice confidence that accord will be struck next year to expand debt relief for several dozen nations in sub-Saharan Africa, Latin America and Asia.
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Indonesia's tsunami-hit Aceh province is rebounding so well from the disaster that emergency relief work could wind up fairly quickly, a senior international aid official said Monday.
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Australia&#39;s Prime Minister, John Howard, has personally congratulated Indonesia&#39;s President-elect, Susilo Bambang Yudhoyono, on his recent victory.
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Get INQ7 breaking news on your Smart mobile phone in the Philippines. Send INQ7 BREAKING to 386. JAKARTA, Indonesia -- An emotional Megawati Sukarnoputri on Tuesday urged Indonesia to accept the results of
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WASHINGTON, Oct 3 (IPS) - Anti-debt campaigners are hailing as groundbreaking  Monday's decision by Norway to cancel 80 million dollars in  debt owed by five poor nations after it determined that the loans  were not granted in a good faith effort to promote development.
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JAKARTA (Dow Jones): The Indonesian government plans to auction around Rp3 trillion ($329 million) worth of bonds Oct. 26, Anggito Abimanyu, the head of fiscal analysis in the finance ministry, said Monday.
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Investors have been cheered by the decisive lead former army general Susilo Bambang Yudhoyono has taken in Indonesia&#39;s first direct presidential election.
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A US Treasury Department spokesman on Monday gave a positive, though muted, reception to a British proposal to ease the debt of heavily indebted poor countries, which was unveiled over the weekend.
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G-7 approves debt relief, but British 'Marshall Plan' for poor countries faces US skepticism.
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LONDON: The world's rich industrialised nations stepped up their efforts yesterday to help Asian countries devastated by the tsunami by offering to freeze billions of dollars in debt repayments.
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The international relief effort in Indonesia finally sprang into action just before a major conference of donors in the Indonesian capital.