Against a backdrop of the ongoing negative economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic, the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has allowed banks to implement countercyclical policies that support economic growth stimulus through the issuance of Regulation No. 11/POJK/03/2020 onNational Economic Stimulus as Countercyclical Policy in Relation to the Impact of the Coronavirus Disease 2019 Pandemic(“ Regulation 11/2020 ”). [1]
Countercyclical Policy for Banks and Debtors to Mitigate the Impact of the COVID-19 Pandemic Amended and Extended
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