Baca berita tanpa iklan. Gabung
June 29, 2020, 06.54 PM

Wimboh reminded that extending credit needs to be given to the right sectors in order for the workers to return to work and grow.

Read also: Indonesian Government Eyes Economic Rebound in 2023

“What we see is that the real sector is very enthusiastic. The streets are packed which is a good sign that the economy is growing again. But because the number of Covid-19 patients is increasing, we have to be careful,” said Wimboh.

Thus far, the capital and liquidity of the banking sector are at a stable and safe position.

This is in spite of soaring non-performing loans in May 2020 which indicated some sectors being affected by the coronavirus pandemic.

Why Rp 30 trillion

The placement of Rp 30 trillion to the state-owned banks is regulated by Finance of Ministry Law Number 70/PMK.05/2020 regarding Place of State Money in Banks to Accelerate the Recovery of the National Economy.

Indonesia’s Finance Minister Sri Mulyani hopes that the fresh funds will be distributed to creditors that can help restore the economy in the real sector.

“There is a rule in that the money cannot be used for foreign currency transactions or foreign currency purchases. The fund is specifically to revitalize the economy of the real sector,” said Sri Mulyani. 

(Writer: Fika Nurul Ulya, Akhdi Martin Pratama | Editor: Sakina Rakhma Diah Setiawan) 


Dapatkan update berita pilihan dan breaking news setiap hari dari Mari bergabung di Grup Telegram " News Update", caranya klik link, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

April 14, 2023, 12.38 PM

Indonesia Detects New Covid Arcturus Variant

April 5, 2023, 05.16 PM

ASEAN to Finalize Agreement on EV Ecosystem

Baca berita tanpa iklan. Gabung
Baca berita tanpa iklan. Gabung


Baca berita tanpa iklan. Gabung
Baca berita tanpa iklan. Gabung
Close Ads