The Government continues to focus on economic recovery following the impact of COVID-19. The It issued Government Regulation (PP) No. 43/2020, which amended the PP No. 23/2020 back in August 2020. In the regulation, President Joko “Jokowi” Widodo notes that regional governments could submit a loan proposal to the Minister of Finance to support the economic recovery program—a copy of the proposal must be submitted to the Minister of Home Affairs. Reportedly 23 regional governments have officially submitted such a proposal via the Ministry of Home Affairs.
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