The Australian Government will provide an estimated $375.7 million in total ODA to Indonesia in 2015-16, including an estimated $323 million in bilateral funding managed by DFAT. Australia and Indonesia’s broad partnership encompasses political, security, trade, economic and development cooperation.
How much does Australia give to Indonesia?
Australia has agreed to lend up to $1 billion to Indonesia to aid the country’s COVID-19 recovery, the latest in a line of measures designed to bolster Canberra’s relationships with its Southeast Asian and Pacific neighbors.
Does Indonesia receive aid from the US?
USAID is a long-term partner in helping Indonesia tackle development challenges. In 2014, total aid for Indonesia from the United States amounted to $196,651,740, of which $149,639,762 was spearheaded by USAID. Majority of the aid was allocated towards governance, health and education.
How does Australia help Indonesia with education?
Australia is Indonesia’s largest bilateral partner in social protection and only bilateral partner in basic education. We are working with Indonesia to strengthen its response in social protection, food security and education.
Is Indonesia richer than Australia?
About three years ago its GDP overtook Australia’s. Indonesia will have the tenth largest economy in the world in 2030, when its GDP will be twice the size of Australia’s, according to a recent study by PricewaterhouseCoopers. By 2050 it will be ranked seventh, with a GDP perhaps three times Australia’s.
Why does Australia give money to Indonesia?
Australia is supporting Indonesia to boost inclusive growth and productive jobs through its public policy and regulatory settings. By supporting areas such as financial sector stability, revenue mobilization, improved government spending and tax collection we will contribute to better economic productivity.
Who pays the most foreign aid?
Luxembourg made the largest contribution as a percentage of gross national income (GNI) at 1.05% and the United Nations’ ODA target of 0.7% of GNI was also exceeded by Norway (1.02%), Sweden (0.99%) and Denmark (0.71%).
How does foreign aid benefit Australia?
By investing in good and inclusive governance, foreign aid demonstrates the importance that Australia places on political, economic and religious freedoms. As aid investments promote development and reduce poverty, the likelihood of conflict falls. … There’s also a positive correlation between aid flows and trade flows.