INDONESIA: Third Economic Package Expected

On 3 October, the government announced plans for a third economic relief package to take effect next week. This new package is intended to work through the Indonesian Export Financing Agency to provide cheaper financial rates than private banks until the economy stabilizes. While this new package may provide incentives to continue exporting for Indonesian firms, it may also create future issues, as companies rely on the subsidized loans and less on private banks.

[Drew Coughlin, drew.coughlin.ee@gmail.com]