Financial System Stability Committee to Launch Integrated Policy Package

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 1 Februari 2021
Category: News
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Minister of Finance Sri Mulyani. (Photo by: Cabinet Secretariat PR)

Indonesia’s financial system during the gradually recovering global economy in the fourth quarter of 2020 is stable, according to the Financial System Stability Committee (KSSK).

Minister of Finance Sri Mulyani Indrawati said that the KSSK has decided to launch an integrated policy package to improve financial system of business sector.

“The KSSK is striving to enhance coordination and synergy of policies and financial instrument in order to maintain financial system stability and to speed up economic recovery,” she said at a virtual press conference on Monday (1/2).

The Committee will also discuss with business players to identify various challenges and issues that the sector have been faced. The results will be used as inputs in drawing up an integrated policy package.

The Minister added that the Committee will carry on coordination to maintain financial stability system, as well as monitor and evaluate the implementation of integrated policy package to accelerate national economic recovery.

“It will improve our financial sector, regulation, fiscal, and support the establishment of Sovereign Wealth Fund which will attract capital in various forms, besides loan,” she stated.

Indonesia’s economy in 2021 is projected to improve as the country began rolling out vaccine to the people and intensified stimulus and policies. The economic recovery must also be coupled with macro economy stability and financial system stability.

“The KSSK will monitor the dynamics of domestic and global economy and financial market. The Committee will hold the next periodic meeting in April 2021 as mandated by the Laws,” the Minister concluded. (MINISTRY OF FINANCE/UN) (RAS/LW)

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