Selasa, Juli 21, 2020

Govt. to Guarantee Working-Capital Credit for Corporations

The Fiscal Policy Agency at the Ministry of Finance is planning to provide working-capital credit guarantees for corporations and to organize placements of government funding through an expanded set of providers, which will now also include regional development banks, instead of only working with banks that are members of the State-Owned Banks Association (Himpunan Bank Negara).
While details of the fund-placement mechanism have yet to be established, the Head of the Fiscal Policy Agency, Febrio Kacaribu, has revealed that guarantees are currently being prepared for credit with plafonds of between above IDR 10 billion and IDR 200 billion.
The government is planning to pay 60% of guarantee premiums. However, in terms of specific tourism business sectors that have been seriously affected by the Corona Virus Disease 2019 pandemic, the government may ultimately implement an 80 - 20 scheme for guarantee provision and will also pay the relevant service fees. _ANT

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The Fiscal Policy Agency at the Ministry of Finance is planning to provide working-capital credit guarantees for corporations and to organize placements of government funding through an expanded set of providers, which will now also include regional development banks, instead of only working with banks that are members of the State-Owned Banks Association (Himpunan Bank Negara).
While details of the fund-placement mechanism have yet to be established, the Head of the Fiscal Policy Agency, Febrio Kacaribu, has revealed that guarantees are currently being prepared for credit with plafonds of between above IDR 10 billion and IDR 200 billion.
The government is planning to pay 60% of guarantee premiums. However, in terms of specific tourism business sectors that have been seriously affected by the Corona Virus Disease 2019 pandemic, the government may ultimately implement an 80 - 20 scheme for guarantee provision and will also pay the relevant service fees. _ANT

......

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