Layered Efforts to Protect the Financial System
The government will provide loans to the Indonesia Deposit Insurance Corporation (LPS) if the agency experiences liquidity problems amid the COVID-19 pandemic. It is stated in the Minister of Finance Regulation (PMK) No.88/PMK.010/2020 enacted on July 20, 2020.
"The Minister can provide loans to LPS in case it experiences liquidity issues that endanger the economy and financial system due to the COVID-19 pandemic," Finance Minister Sri Mulyani wrote in the regulation.