Government and BI Agree on US$40 Billion Burden-Sharing Scheme for Covid-19 Recovery | KF Map – Digital Map for Property and Infrastructure in Indonesia
Government and BI Agree on US$40 Billion Burden-Sharing Scheme for Covid-19 Recovery
Tuesday, 7 July 2020

The government and the Central Bank of Indonesia (BI) agreed to a burden-sharing scheme worth Rp574.59 trillion (US$39.7 billion) to finance the COVID-19 response and bolster economic recovery efforts. The central bank will buy Rp397.5 trillion government bonds at a maximum coupon rate to correspond with the BI Seven-Day Reverse Repo Rate (7DRRR), currently at 4.25%, to fund health care and social safety nets then return the bond yield to the government in full on the same day it is paid.

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