The negative impacts of COVID-19 hit all across sectors, particularly economic aspects. To mitigate COVID-19 severity and unprecedented duration, the World bank unveiled USD700 million worth of loans to support Indonesian government’s concerted attempts to sectors hit hardest by COVID-19 wreaking havoc and prepare well-prioritized sectors to function well in the long run.

Debts given by the World Bank are divided into two categories. The first category is social reformation programs of USD400 billion to maintain public wealth stability, while the second category is the financial sector development worth of USD300 million to keep the Financial sector resilient and efficient. (Kontan)


Reference:, accessed on Monday, May 18, 2020