http://story.news.yahoo.com/news?tmpl=story&cid=516&e=2&u=/ap/20050105/ap_on_re_as/tsunami_australia
Wow. Seems like everyone is upping their monetary aid. Very nice to see.
Wow. Seems like everyone is upping their monetary aid. Very nice to see.
JAKARTA, Indonesia - Australia became the largest donor to the tsunami relief effort Wednesday, committing $764 million in loans and grants to help Indonesia recover from the disaster.
Australian Prime Minister John Howard announced the increased aid package while visiting the Indonesian capital, Jakarta. Australia previously announced a $47 million aid package, but it was unclear whether the $47 million was included in the new package or whether it was separate.
"This is a historic step in Indonesian-Australian relations in the wake of this terrible natural disaster," Howard said.
Earlier Wednesday, German Chancellor Gerhard Schroeder increased his country's aid package from $27 million to $674 million. The money will be distributed over three to five years, he said.
The United Nations (news - web sites) has said countries have pledged more than $2 billion in aid after Indian Ocean region was devastated by a Dec. 26 earthquake and tsunami that killed nearly 150,000 people.
Australia's aid package will be split into grants for short-term relief and loans for long-term reconstruction.
Howard said he and Indonesian President Susilo Bambang Yudhoyono would lead a commission to monitor how the money is spent.
"It will in every respect be a partnership between Australia and Indonesia," Howard said.