Indonesia to Extend Loan Relief for Some Pandemic-Hit Sectors
KONTAN.CO.ID - JAKARTA. Indonesia's financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of the Covid-19 pandemic beyond a March 2023 deadline. A senior official said on Tuesday.
The Financial Services Authority, known by its Indonesian acronym OJK, has since March 2020 provided incentives to banks to restructure loans for debtors suffering during the pandemic.
