Australia Cancels Indonesian Debt

The Australian government intends to cancel some AUD75 million (USD58.7 million) in Indonesian commercial debt to help bolster the Asian nation's public health. Indonesia,

reported, will allocate half of the sum to local anti-tuberculosis initiatives instead of paying back the debt. The move is part of the Debt2Health scheme of the Global Fund to Fight AIDS, Tuberculosis and Malaria.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.