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Indonesian Government Urges Banks to Support the Textile Sector

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Algo Research Team

Industry | Apr 15, 2025 | Views: 128

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Key Summary:

  • Government asks banks to support textile sector via lending
  • Unlikely to make a difference if macro condition remains challenging
  • OJK states this must be applied alongside supportive government policies

The Indonesian government has called on state-owned (SOE) banks to continue lending to the textile industry, emphasizing its strategic importance despite the challenges the sector is facing.


Context: President Prabowo highlighted the potential of Indonesia’s large domestic textile market, saying that the sector is critical as it employs substantial number of people and one of the major contributors to exports.

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