Yet another post!
Yesterday in the The Howard Years - Indonesia and Australia I spoke of the importance of our relationship with Indonesia. Now it appears that Indonesia has requested a loan from Australia of around $US2 billion to help the country cope with the effects of the global financial crisis.
I sincerely hope that Australia can help Indonesia as we did during the Asian Financial Crisis and then the Tsunami. This is a time when neighbours must, to use a Scottish phrase, gang together.
The Asian Financial Crisis badly hurt Indonesia. The country took some time to recover. Now it is in our interests as a relatively wealthy and still very lucky country to try to ease the latest burden.
We cannot help everyone. We can help our neighbours.
I have been trying to find out more information, so far without success. However, a story in the Jakarta Post is indicative of the local impacts of the global economic problems, with companies reporting that they intend to lay off more than 40,000 people following export contraction.