Indonesia’s MSMEs to Receive Economic Stimulus to Overcome COVID-19 Impacts

During a limited cabinet meeting held on the 30th of March 2020, Indonesian President Joko Widodo (Jokowi) stated that the Government of Indonesia will prepare economic stimulus and social safety net programs in the near-term, to assist micro small and medium enterprises (MSMEs) and other informal businesses affected by COVID-19.

MSMEs are considered to be the most affected sector by the on-going COVID-19 pandemic, contrary to the strong economic support offered by the sector during the 1998 economic crisis in Indonesia.

COVID-19 has created a significant decline in the people’s purchasing power to be at the lowest level.

Local media reports...