Investor Presentaiton
Synergy Between Central Bank and the Government
in Accelerating National Economic Recovery
The Enactment of Emergency Law No. 1/2020 (becoming Law No. 2/2020) allows Central Bank to buy GS in the primary market
1st Joint Decree between Minister of Finance and Governor of Bank
Indonesia (BI) on April 16, 2020 (SKB I)
The role of BI is as backstop buyer in the primary market
2nd Joint Decree between Minister of Finance and Governor of BI on July
7, 2020 amended with Joint Decree on July 20, 2020 (SKB II)
Burden Sharing Scheme
Realization of Gov't Securities purchased by Bank Indonesia
under SKB I IDR 75,855 tn
COVID-19 HANDLING ALLOCATION
IDR 903,46 T
Health
1. Public Goods
Covered by Bl with
rate based on BI
Reverse repo 3M
Issuance specifically to
BI through private
placement
2. Non-Public
Goods:
MSME
■ Corporation
on-MSME
3. Non-Public
Goods: Others
Covered by Government
with rate BI Reverse repo
3M minus 1%, and BI
covered the remaining
difference with market
rate
Full Covered by
Government amounting
market rate
Issuance through
market mechanism
(auction, Green Shoe
Option, Private
Placement according
to the SKB on April
16, 2020)
•
Public
Goods
IDR 397.56T
Non-Public Goods
IDR 505.90T
IDR 87.55T
Social Protection
IDR 203.90T
Sectoral K/L, Local Govt
IDR 106.11 T
Micro small and Medium
Enterprises (MSME)
IDR 123.46T
Corporation Non-MSME
IDR 53.57T
Others
IDR 328.87T
SBN purchased by BI (SKB II) for Public Goods IDR397,56T or 100% from
target and issuance of SBN for Non Public Goods reach IDR177,03T (100%).
Non-Public Goods: Others, refer to all issuance (incl: auction, private
placement, retail, and foreign denominated GS.
Source: Ministry of Finance
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