Detiktoday.com – The State Placement Money Policy is evidence of the Government’s support for the recovery of the real sector in the face of the Covid-19 pandemic so that it can be channeled to MSMEs. With this scheme, the acceleration of the national recovery is expected to be achieved by reaching out to business actors who are customers of the Regional Development Bank (BPD) and spread throughout Indonesia, particularly those affected by the Covid-19 pandemic. For phase I, it was given to Bank Himbara in the amount of Rp30 trillion, while in phase II, the Government would place state money in the Regional Development Bank.
This was conveyed by Minister of Finance Sri Mulyani Indrawati in his keynote speech at the signing of the Cooperation Agreement between the Regional Governments of DKI Jakarta and West Java Provinces and PT Sarana Multi Infrastruktur (Persero) regarding the Policy on Placement of State Money in the Mezzanine Hall Djuanda I Building Ministry of Finance on Monday (7/27).
“We are conducting funds placement according to PMK 70 of 2020, where we first placed Rp30 trillion in Bank Himbara, we have provided Rp20 trillion to be placed in the BPD. Today the signatures are BPD Jabar, DKI, Central Java and North Sulawesi and Gorontalo. The total budget for the BPD we provide is around Rp 11.5 trillion. For the West Java Bank, the Rp2.5 trillion with interest rates as we gave at Himbara Bank, namely 80% of the repo interest rate, is very low. DKI IDR 2 trillion Central Java IDR 2 trillion, East Java Bank IDR 2 trillion, North Sulawesi and Gorontalo IDR 1 trillion then the other two that we are evaluating and reviewing including Bank BPD Bali and BPD Yogyakarta each IDR 1 trillion make a total of IDR 11.5 trillion. This is ready for us to be able to channel the aim is to encourage the regional economy, there are no conditions except having to extend credit to productive sectors, “said the Minister.
Regional PEN Loans and Fund Placement are expected to support local economic improvement from the supply side, where local entrepreneurs get cheap loans from BPD, and demand side where the regional government has more fiscal capacity to buy local products. With these various schemes, it is hoped that the goal of accelerating national recovery can be achieved by reaching out to business actors who are BPD customers and spread throughout Indonesia, particularly those affected by the Covid-19 pandemic. Thus, it is hoped that national economic recovery can be realized immediately.
“Today I am also happy, we see that with this I hope that all our APBNs will be able to work fully and work together with Ministries / Institutions, Regional Governments, BPD, BUMN Banks to be able to encourage and restore confidence for our economic recovery,” concluded Minister of Finance