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Indonesia Highlights: Covid-19 Vaccine Budget Reaches Rp 34T | Indonesia's AUD$1.5B Deal with Australia | Jakarta Falls Short of “City of Intellect" Award

November 13, 2020, 02.09 AM

According to Hafid, there are five indicators to improve the chances of obtaining the accolade:

Minimum 3 A-Accredited State or Private Universities
Affordable and Competitive Living Costs
Ease of Finding Employment
Cultural Appeal
Jakarta, however, fell short on the indicators of safety and affordable and competitive living costs.

Hafid explained Jakarta is the most expensive city compared to the other cities that made it on the Top-10 City of Intellect while crime is frequent.

The “City of Intellect” award is provided by Jakarta State University who gave this year’s top prize to the city of Semarang, Indonesia.


3. Indonesia Receives AUD$1.5B Loan from Australian Government

Indonesia has secured an AUD $1.5 billion loan from the Australian government to mitigate the coronavirus epidemic in the country.

Australia’s Finance Minister Josh Frydenberg explained that the approval of the Rp 15.45 trillion loan was due to Indonesia’s record of sound fiscal management that has allowed it to swiftly respond to the Covid-19 crisis.

Indonesia’s Finance Minister Sri Mulyani stated that the Australian government’s loan gave the Southeast Asian nation room to maneuver several policies to mitigate the coronavirus pandemic.

The Australian government has given Indonesia 15 years to repay the AUD $1.5 billion.

Sri Mulyani explained that the loan supports the Asian Development Bank-led Covid-19 Active Response and Expenditure Support Program.





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