Indonesia has launched a new public services body to manage a Rp 3 trillion endowment fund to help other countries in need.
ice President Jusuf Kalla launched on Friday the Indonesian Agency for International Development (Indo-AID), a body set up to manage an endowment fund for international assistance that is expected to pave the way for greater contributions to global peace and welfare.
As a country that is continually climbing up the ladder of economy, Kalla said it was important for Indonesia to build partnerships with other countries and help those that are in need, particularly through what he calls “helping hand diplomacy”.
"Global peace will be created if the economy [of each country] is improving. An agency like this is an important thing nowadays,” he said in a speech at the Foreign Ministry complex in Pejambon, Central Jakarta.
“It's not enough for us to only be a beneficiary [of aid]; it's time we think about what we can give and not what we can get.”
Indo-AID will be useful for helping other developing countries, particularly those that are dealing with social issues such as displacement and conflict, Kalla said.
As a public services body (BLU), the agency will operate under the auspices of the Finance Ministry’s Treasury Directorate General.
In accordance with Government Regulation No. 57/2019, the agency is duty-bound to reform aid fund management for grants to other states and international institutions. Prior to this, the disbursement of funds was handled by different institutions and was without proper guidelines or a unifying policy, according to a press statement from the Finance Ministry.
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