Placement of Funds under the National Economic Recovery Program Ready for Implementation

In line with the mandate originally set under Regulation of the Government No. 23 of 2020 (“Regulation 23/2020”),[1] the Minister of Finance (“Minister”) recently issued Regulation No. 64/PMK.05/2020 of 2020 (“Regulation 64/2020”), which addresses further procedures for the placement of funds by the government in participating banks under the framework of the National Economic Recovery (Pemulihan Ekonomi Nasional – “PEN”) program.[2] However, for reasons of concision, this edition of Indonesian Legal Brief will focus its discussion on the following matters: