Federal Republic of Germany provides a bilateral loans of EUR550 million (US$655 million) to help Indonesian economy from the impact of the COVID-19 pandemic. In Nov. 12, Australian government and Indonesia signed a bilateral loans of AUD1.5 billion (US$1.09 billion) to tackle the COVID-19 outbreak around the archipelago. It comes after a decade the neighboring country’ aid to Indonesia has fallen by more than half, dropping from AUD515 million in the 2014 – 2015 financial year to AUD$255 million in 2020 – 2021.
In October, Japanese Prime Minister, Yoshihide Suga, provided a low-interest loans worth of JPY50 billion (US$474.15 million) to support Indonesia to strengthen the disaster mitigation capacity during the pandemic. Both leaders also agreed to bolster defense and economic ties at the bilateral meeting on Oct. 20.
