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Special Liquidity Loans

One of the reasons for the issuance of this Perppu is that the COVID-19 outbreak has the potential to disrupt Indonesia\'s economic activities.

Nugroho Agung Wijoyo
· 8 minutes read

Governor of Bank Indonesia (BI) Perry Warjiyo (second from right) accompanied by BI Deputy Governor (from left) Rosmaya Hadi, Destri Damayanti, and Erwin Rijanto, when they wanted to give information to reporters regarding the results of the BI Board of Governors\' Meeting in Jakarta in Jakarta on Thursday (20/2/2020).

Concerns about the role of the House of Representatives emerged when the government issued Regulation in lieu of the Law (Perppu) No. 1/2020 on March 31 because the additional funds provided by the government to handle the coronavirus outbreak reached Rp 405.1 trillion (US$27.38 billion).

There were also worries about the risk of misappropriation of the special liquidity loans (PLK) that would be distributed, as what happened with the Bank Indonesia Liquidity Assistance (BLBI) program in the past.

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