Indonesia Extends Loan Relief for Some Pandemic-Hit Sectors
KONTAN.CO.ID - JAKARTA. Indonesia has extended loan forbearance for businesses such as accommodation as well as the textile and footwear industries that are yet to recover from the impact of the Covid-19 pandemic. The country's financial regulator said on Monday.
The Financial Services Authority (OJK) has since March 2020 provided incentives to banks to restructure loans for debtors suffering during the pandemic.
