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Jakarta Post

Indonesia determined to develop secondary mortgage market

  • Aditya Suharmoko


Jakarta   /   Fri, February 13 2009   /  11:09 am

I can expand on it: Bank Indonesia Governor Boediono (left) responds to journalists’ questions, witnessed by State Minister for Public Housing Yusuf Asy’ari (with hat) after the signing of a joint ministerial decree on the formation of a coordinating team on the expansion of financing for the housing sector, at the BI complex on Thursday. (JP/Ricky Yudhistira) To help provide decent housing to low-income people and develop the secondary mortgage market, the government and the central bank signed Thursday a joint decree to boost house financing through the sales of mortgage-backed securities. The decree, which is signed by the Finance Ministry, the office of state minister for people’s housing and Bank Indonesia (BI), will allow banks to get quick funds from selling their mortgage claims.
State-sanctioned PT Sarana Multgriya Finansial will act as a secondar...