Regional Banks Obtain Liquidity Injection Stimulus

By Editorial Team 27/07/2020
Summary

The Fiscal Policy Agency (BKF) of the Ministry of Finance said the government would place funds in the Regional Development Bank (BPD). This is the second volume of government fund placement program in banking.

BKF Head Febrio Kacaribu said the government chose BPD as it is closely related to micro, small, and medium enterprises (MSMEs) in regions. Thus, the funds are expected to drive an economic turnaround in the regions.

"There is a second volume of fund placement. There were only four banks in the first volume, we will expand it later. More banks will be involved, particularly BPD," said Febrio, last weekend.

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