Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Solid Policy Coordination
In Managing Financial Markets Volatility
CMP
BSF
Source: Ministry of Finance
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
Implementing Crisis Management Protocol (CMP)
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
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)
Implementing Bond Stabilization Framework (BSF)
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