IDR5-10tn Liquidity Placements for Indonesian Regional Banks?

Key Summary:
- MoF is considering to place funds into regional banks
- Aimed to boost lending activities and economic growth
- Initially, BJTM and BDKI will participate in the program
The Indonesian Minister of Finance, Purbaya Sadewa, stated that the government is considering placing liquidity into regional development banks (BPD) as part of an effort to boost lending activities and stimulate growth in the economy.
What's the headline? The government is currently in discussion with two regional banks, which are Bank Jatim (BJTM) and Bank Jakarta (BDKI), to participate in the pilot program.