$1 billion loan to help Indonesia

Indonesia will receive a $1 billion standby loan from the Australian government to tackle the coronavirus pandemic and boost its economic recovery. Bali, which welcomed 1.3 million Australians in 2019 - more than from any other country - has seen its tourism industry smashed and has lost hundreds of millions of revenue each month.

Indonesian Finance Minister Sri Mulyani Indrawati and Treasurer Josh Frydenberg in Canberra in November 2018. CREDIT:ALEX ELLINGHAUSEN. The terms of the stand-by loan facility are still being hammered out between Canberra and Jakarta.