Berlangganan Pro

Selasa, Desember 22, 2020 | Issue Number : 4029

Countercyclical Policy for Banks and Debtors to Mitigate the Impact of the COVID-19 Pandemic Amended and Extended

ID Indonesian translation

Against a backdrop of the ongoing negative economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has allowed banks to implement countercyclical policies that support economic growth stimulus through the issuance of Regulation No. 11/POJK/03/2020 on National Economic Stimulus as Countercyclical Policy in Relation to the Impact of the Coronavirus Disease 2019 Pandemic (“Regulation 11/2020”).[1]

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Against a backdrop of the ongoing negative economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has allowed banks to implement countercyclical policies that support economic growth stimulus through the issuance of Regulation No. 11/POJK/03/2020 on National Economic Stimulus as Countercyclical Policy in Relation to the Impact of the Coronavirus Disease 2019 Pandemic (“Regulation 11/2020”).[1]

......

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*Syarat dan ketentuan berlaku

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