Placement of Funds under the National Economic Recovery Program Ready for Implementation

In line with the mandate originally set under Regulation of the Government No. 23 of 2020 (“ Regulation 23/2020 ”), [1] the Minister of Finance (“ Minister ”) recently issued Regulation No. 64/PMK.05/2020 of 2020 (“ Regulation 64/2020 ”), which addresses further procedures for the placement of funds by the government in participating banks under the framework of the National Economic Recovery (Pemulihan Ekonomi Nasional– “ PEN ”) program. [2] However, for reasons of concision, this edition of Indonesian Legal Brief will focus its discussion on the following matters: