The Government Asks For Extension Of COVID-19 Credit Restructuring, Economists Of Values Must Be Considered And Socialization More Detailed

JAKARTA - Senior Economist of the Institute for Development of Economic and Finance (Indef) Aviliani assessed that the COVID-19 credit restructuring stimulus policy that took too long could create moral hazards and not all debtors had to be given a restructuring stimulus.

"If the policy is carried out as a whole, I don't think it's a problem, because there are still people who still have problems. But don't apply it to all. Many moral hazard people do that," he said after the BUNDAKU OJK Financial Education event, Tuesday, June 25.

According to Aviliani, do not let it be because there is a restructuring of everyone asking for this and it will have an impact on Bank performance in the future.

"Don't let, oh, because everyone asks for (restructuring) Pak Jokowi. Now the bank is the one who feels sorry. The person doesn't need to be restructured anymore," he added.

In addition, Aviliani said that restructuring is not a common thing to do, but is indeed needed for debtors who have problems but have good prospects in the future.

Therefore, let the bank provide justification.

Aviliani said that debtors who receive restructuring stimulus will find it difficult to apply for new credit to other banks.

Because it has a red record on banks.

"Because if it's someone who has been restructured, he doesn't want to change banks. Because later it will be considered by the OJK supervisor, you have been restructured, why move to another bank?" he explained.

Aviliani asked the OJK to reconsider the decision to continue the restructuring and socializing program in more detail regarding this matter.

"Restructuring during the COVID-19 period should be a time when they actually have problems. That's why they are restructuring. It's not because of the bad company. So maybe it's also necessary for the OJK to socialize. That people who restructure if they want to change banks or want to do what they want, it's okay, the important thing is that they have the ability to pay," he said.