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View all search resultsPressure is mounting on the central government to declare a national state of emergency after floods and landslides devastate northern and western Sumatra, cutting key transportation networks and leaving local administrations struggling to provide relief.
While the burden sharing scheme was an apt instrument during the COVID-19 pandemic, it now risks becoming a fiscal dominance policy, blurring the line between fiscal and monetary policy, accelerating depreciation, eroding market trust and undermining the central bank's independence.
Jayawijaya regency, the capital of Papua Highlands province, has declared a state of emergency following days of torrential rain that have inundated close to two dozen districts in what has been described as the worst flood that has hit the regency in years.
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