Overview

In order to mitigate the ongoing impacts of the Corona Virus Disease 2019 (COVID-19) pandemic upon the national economy, the Government of Indonesia is seeking to introduce a number of extraordinary financial measures and policies. With this overall objective in mind, the government has therefore issued Regulation of the Government in the Lieu of Law No. 1 of 2020 on State Financial and Stability of the Financial System Policies for the Mitigation of Coronavirus Disease 2019 (COVID-19) Pandemic and/or to Deal With Threats That Are Potentially Harmful to the National Economy and/or Stability of the Financial System (“Regulation 1/2020”),[1] which has recently been passed by the House of Representatives into law,[2] namely Law No. 2 of 2020.