Not Ready for Risk-Taking
The government will soon determine participating banks for channeling funds to support banking liquidity. But the plan may be an ineffective and ineffecient way to restore the economy.
THE technical regulation for channeling government funds into the banking sector is already two weeks old, but as of Friday, June 19, not one bank has been appointed to manage the funds allocated from the 2020 state budget. “Still in the process,” Andin Hadiyanto told Tempo on June 19.
As Finance Ministry’s Director-General of Treasury, Andin is the finance minister’s representative as state treasurer, who has the authori...