Press Statement of President of the Republic of Indonesia at the Signing of Government Regulation Number 47 of 2024 on the Write-off of Bad Debts for MSMEs, at the Merdeka Palace, Jakarta, November 5, 2024

My fellow compatriots wherever you are; Ministers of the Red and White Cabinet present here; Attorney General, Commander of the Indonesian National Defense Forces, Chief of the Indonesian National Police, Chief of the State Intelligence Agency present here;

Representatives of farmer and fisherman organizations present here;

Dear press officers.

Having received suggestions and aspirations of many parties, especially from farmer and fisherman groups throughout Indonesia, today, Tuesday, November 5, 2024, I will sign Government Regulation of the Republic of Indonesia Number 47 of 2024 on the Write-off of Bad Debts for Micro, Small, and Medium Enterprises (MSMEs) in the fields of agriculture, plantations, animal husbandry; fisheries and marine affairs; and other MSMEs.

With this policy, the Government expects to help our compatriots, producers who work in the agricultural sector, MSMEs, and as fishermen who play a very important role in food production. They can keep their businesses running and they can be more productive for our nation and state.

The technical details and the requirements to be met for the implementation of this policy will be further followed up by the relevant ministries and institutions.

That concludes my statement. We certainly pray that all farmers, fishermen, MSME owners throughout Indonesia can work peacefully, enthusiastically, and with confidence that the Indonesian people respect and appreciate food producers who are very important for the life of our nation and state.

That concludes my statement.

(TM/MUR)