Australia provides A$26m to RI<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
The governments of Indonesia and Australia signed an agreement
\non Tuesday on Australia's A$26 million assistance program for
\nfive years to support Indonesia's economic reform program.<\/p>\n
The agreement was signed by Coordinating Minister for the
\nEconomy Dorodjatun Kuntjoro-Jakti and Australian Ambassador David
\nRitchie during the annual pre-bilateral discussion of the
\nConsultative Group on Indonesia (CGI).<\/p>\n
\"This new program from Australia is a welcome initiative to
\nsupport the implementation of the Indonesian government's White
\nPaper on economic reform,\" Dorodjatun said in a statement.<\/p>\n
Released in September, the White Paper outlines a range of
\nactions to maintain the momentum of economic recovery following
\nthe country's graduation from the International Monetary Fund
\n(IMF) economic program at the end of this year.<\/p>\n
The assistance will be delivered through the third phase of
\nthe Australia-Indonesia Technical Assistance Management Facility
\n(TAMF), which will commence on Jan. 19, 2004.<\/p>\n
The TAMF will focus on supporting the Indonesian government in
\nthree key areas: achieving fiscal sustainability, protecting the
\ngovernment's financial position and improving the strength and
\nintegrity of the financial system.<\/p>\n
Elsewhere, Ritchie said that since the first phase of the TAMF
\nbegan back in 1999, Australia had supported key elements of the
\nIndonesian government's economic reform program, which included
\ntax administration reforms, financial sector oversight and the
\ndevelopment of an effective antimoney-laundering regime.<\/p>\n
\"During that period Indonesia has made significant progress in
\nrestoring macroeconomic stability, which has enabled it to
\ngraduate from five years of exceptional IMF financing,\" said
\nRitchie.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australia-provides-a26m-to-ri-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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