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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Indonesia secures five billion dollar emergency loan AFP - 2 hours 8 minutes ago JAKARTA (AFP) - - Indonesia has secured emergency loans worth five billion dollars to help plug its budget deficit and boost growth, authorities have said. "The loans, which come from the World Bank, the Asian Development Bank, Japan, Australia and France, can be drawn upon whenever Indonesia needs them," finance ministry official Rahmat Waluyanto told AFP on Saturday. "Donors still perceive Indonesia as an important and strategic country. We should keep the momentum of our economic development going," he said, adding that raising money through government bonds would prove expensive due to high interest rates. Waluyanto said that Indonesia would only use the standby loans if economic growth slowed to 5.8 percent in the first quarter of 2009. The Indonesian economy grew by 6.1 percent in the third quarter of this year. However, the government has adjusted its 2009 growth forecast from 6.3 percent to 4.5-5.0 percent in light of the global downturn. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy India promises to open nuclear sector to private playersAFP - 58 minutes ago Indonesia secures five billion dollar emergency loanAFP - 2 hours 8 minutes ago Australia's ANZ bank to cut 800 jobs before Christmas: reportsAFP - 2 hours 14 minutes ago Mongolia miners eyes Hong Kong listing -reportReuters - Saturday, December 6 Related Articles: Business India cbank cuts key rates by 100bps to boost growthReuters - 12 minutes ago Yuan moves not affecting farm trade - USDA chiefReuters - 52 minutes ago Pakistani c.bank sells 24.9 bln rupees of T-billsReuters - 55 minutes ago India promises to open nuclear sector to private playersAFP - 58 minutes ago Chairman: Tribune to sell Cubs by spring trainingAP - 1 hour 1 minute ago Enlarge Photo Indonesia secures five billion dollar emergency loan Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Diamond thieves pull off 100-million-dollar Paris heist Do not disturb eggs: MP reveals Britain's oddest laws Cruise ship runs aground in Antarctica Amid depression fears, Congress sets up votes on auto bailout Oil price falls below $40 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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