KOMPAS.com – Poor countries are allowed to defer their debt payments until next year. Thanks to the G20 Leaders who have agreed to extend the Debt Service Suspension Initiative (DSSI) until June 2021.
The move, which was announced at the end of the G20 Riyadh Summit on Sunday, is significant to many countries as they are unable to repay their debts during the challenging time due to the Covid-19 crisis.
Indonesia’s Finance Minister Sri Mulyani Indrawati said that the decision will be beneficial for the low-income countries to have sufficient fiscal space amid the coronavirus pandemic.
On the development of coronavirus, Indonesia reported more than half a million Covid-19 confirmed cases. The death toll from the virus reached a total of 16,002 nationwide.
Meanwhile, the government will extend its social cash transfers (BST) until 2021. This aims to lessen the burden of the underprivileged families during the Covid-19 pandemic.
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