Back in Aug. 2020 the Government issued Government Regulation (PP) No. 43/2020, which amended the PP No. 23/2020. 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. The Ministry of Finance is responsible for implementing the regulation. Recently, the regulation was amended to Ministerial Regulation (PMK) No. 179/2020.

To subscribe please click here