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Jakarta Post

Analysis: Assessment of COVID-19 recovery programs

  • Andjarsari Paramaditha

    The Jakarta Post

PREMIUM
Jakarta   /   Tue, September 22, 2020   /  11:35 pm
The Jakarta Post Image
Hard cash: Finance Minister Sri Mulyani Indrawati (left) and State-Owned Enterprises Minister Erick Thohir announce the government’s placement of Rp 30 trillion (US$2.12 billion) in state banks on June 24. The funds will be channeled as loans to businesses to boost the real sector.(Antara/Sigid Kurniawan)

The COVID-19 outbreak continues to spread in every part of the world, while Indonesia has been trying to suppress the contagious virus for the past six months. During that time, the government has enacted large-scale social restrictions (PSBB) and people were told to stay at home and limit their outside activities. As a consequence, workers have started to lose jobs, healthcare facilities are overburdened, businesses cannot operate at full capacity and are at risk of default/closing, while the country is heading for a recession. So how can the government quickly respond to safeguard the citizen’s while keeping economic activities running and ensuring the road to recovery is equally inclusive and justifiable? The government must be aware that the key factor to it is to ensure the wellbeing of its people, protect the poor and vulnerable and make sure that business continues to sup...