Coordinating Minister for Economic Affairs Airlangga Hartarto detailed that the policy package includes restructuring, accelerated recovery in disaster areas with the disbursement of new KUR in 2026 at low interest rates, and the option to pay off outstanding debts for certain borrowers.
"The figures and technical details of the policy are currently being prepared. In the next few days, the government will announce a special economic policy for this disaster recovery," he conveyed in Jakarta on Friday.
Of the total 996,000 KUR borrowers in the three provinces, 141,000 borrowers with outstanding debts of approximately Rp7.8 trillion (US$454 million) are estimated to be affected. This includes more than 63,000 KUR debtors in the agricultural sector with outstanding debts reaching Rp3.57 trillion (US$208 million).
Hartarto said the government will also provide relief to disaster-affected workers, including the policy of writing off and waiving fines for BPJS Ketenagakerjaan (employment insurance) contributions for affected employers, as well as facilitating payments or claims for old-age security (JHT), death security (JKM), work accident security (JKK), and pension security (JP).
He stated that this special policy package aims to provide space for KUR debtors, maintain stability, and encourage economic recovery in disaster-affected areas.
Earlier, while visiting Bireuen District in Aceh, President Prabowo Subianto stated that the government would write off KUR loans for Aceh farmers affected by the floods and landslides.
He considered the floods and landslides as a natural disaster or force majeure, meaning farmers should not be concerned about repaying their loans.
Meanwhile, the Financial Services Authority (OJK) has also announced a special policy in response to the impact of floods and landslides in three Sumatran provinces.
On December 10, the OJK established a special treatment policy for debtors affected by the Sumatran floods, effective for up to three years from the date of the decision.
Chairman of the OJK Board of Commissioners, Mahendra Siregar, stated that almost all districts/cities in the three provinces are classified as moderate to severe risk, based on the results of the regulator's mapping.
This condition requires the urgency to implement a special treatment policy for credit/financing for debtors affected by disasters, ease of reporting for affected financial services institutions, and an appeal to simplify the insurance claims process.
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Translator: Rizka Khaerunnisa, Resinta Sulistiyandari
Editor: Azis Kurmala
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