Senin, Desember 14, 2020

President Widodo Issues Regulation on National Strategy for Financial Inclusion

On 7 December 2020, President Joko Widodo signed Regulation of the President No. 114 of 2020 on the National Strategy for Financial Inclusion (“Regulation 114/2020”) as part of efforts to improve the welfare of the general public through the achieving of financial inclusion for all of Indonesia’s citizens.
In addition, this new regulation on the national strategy for financial inclusion (Strategi Nasional Keuangan Inklusif – “SNKI”) has been issued in order to update the target previously stipulated under Regulation of the President No. 82 of 2016, as well as to encourage the synergy that will be required in this context at the national and regional levels and in relation to inter-ministerial or institutional development planning and related sustainable development goals.
Details of the new SNKI are listed under the Appendix to Regulation 114/2020, which comprises: 1) Introduction; 2) Indonesian financial services; 3) Financial inclusion policy; and 4) Closing.
Regulation 114/2020 mandates that in order to implement SNKI, a National Council for Inclusive Finance (Dewan Nasional Keuangan Inklusif – “DNKI”) should be formed in order to exercise the following duties: 1) Coordination and synchronization as regards the implementation of the SNKI; 2) Provision of directions, steps and policies in order to solve problems and obstacles that arise during the implementation of the SNKI; and 3) Monitoring and evaluation of the implementation of the SNKI.
In carrying out said duties, the DNKI may involve ministries, agencies, local governments, business entities and stakeholders. The DKNI may also be assisted by the working group and the secretariat. _(SETKAB)

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*Syarat dan ketentuan berlaku

On 7 December 2020, President Joko Widodo signed Regulation of the President No. 114 of 2020 on the National Strategy for Financial Inclusion (“Regulation 114/2020”) as part of efforts to improve the welfare of the general public through the achieving of financial inclusion for all of Indonesia’s citizens.
In addition, this new regulation on the national strategy for financial inclusion (Strategi Nasional Keuangan Inklusif – “SNKI”) has been issued in order to update the target previously stipulated under Regulation of the President No. 82 of 2016, as well as to encourage the synergy that will be required in this context at the national and regional levels and in relation to inter-ministerial or institutional development planning and related sustainable development goals.
Details of the new SNKI are listed under the Appendix to Regulation 114/2020, which comprises: 1) Introduction; 2) Indonesian financial services; 3) Financial inclusion policy; and 4) Closing.
Regulation 114/2020 mandates that in order to implement SNKI, a National Council for Inclusive Finance (Dewan Nasional Keuangan Inklusif – “DNKI”) should be formed in order to exercise the following duties: 1) Coordination and synchronization as regards the implementation of the SNKI; 2) Provision of directions, steps and policies in order to solve problems and obstacles that arise during the implementation of the SNKI; and 3) Monitoring and evaluation of the implementation of the SNKI.
In carrying out said duties, the DNKI may involve ministries, agencies, local governments, business entities and stakeholders. The DKNI may also be assisted by the working group and the secretariat. _(SETKAB)

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