Investor Presentaiton
Solid Policy Coordination
In Managing Financial Markets Volatility
BHINNEKA
The enactment of Law No. 9/2016 regarding Prevention and
Mitigation of Financial System Crises as a legal foundation
for the government to serves at the time of financial crisis in
the form of Financial System Stability Committee (KSSK)
KSSK members: the Ministry of Finance, Bank Indonesia, the
Financial Services Authority, and the Deposit Insurance
Corporation
Swap facility arrangements based on international
cooperation
Enhancing coordination between government institutions
and continuous dialogue with market participants
Gov't Securities Crisis Management Protocol (CMP)
Indicators:
- Yield of benchmark series;
- Exchange rate;
- Jakarta Composite Index;
- Foreign ownership in government securities
Policies to address the crisis at every level:
- Repurchase the government securities at secondary market
- Postpone or stop the issuance
State's Budget
Bond Stabilization Framework
State Owned Enterprises
(BUMN)'s Budget
Social Security Organizing
Agency (BPJS)'s Budget
CMP
Implementing Crisis Management Protocol (CMP)
State's Budget
First Line of Defense
Buyback fund at DG of Budget Financing and
Risk Management
Investment fund at Public Service Agency
(BLU) (min. level Aware)
Related SOES (min. level Aware)
BPJS (min. level Aware)
Second Line of Defense
State General Treasury Account (Rekening KUN)
(min. level Alert)
Accumulated cash surplus (SAL) (min. Level Crisis)
BSF
Implementing Bond Stabilization Framework (BSF)
Source: Ministry of Finance
55View entire presentation