BI Salurkan Liquidity Incentive Reaches IDR 295 Trillion

JAKARTA - Bank Indonesia (BI) noted that until the second week of February 2025 it had provided incentives for Macroprudential Liquidity Policy (KLM) of IDR 295 trillion, or an increase of IDR 36 trillion from IDR 259 trillion at the end of October 2024.

BI Governor Perry Warjiyo conveyed that the incentives had been given to the State-Owned Enterprises (BUMN) bank group amounting to Rp129.2 trillion, the National Private Commercial Bank (BUSN) of Rp131.9 trillion, the Regional Development Bank (BPD) of Rp28.7 trillion, and the Foreign Bank Branch Office (KCBA) of Rp4.9 trillion.

"Bank Indonesia continues to strengthen coordination with the Government to support the success of programs in Asta Cita through increasing KLM in order to encourage credit/financing growth in priority sectors, including the housing and agriculture sectors," he said at a press conference, Wednesday, February 19.

He conveyed that Bank Indonesia continues to strengthen the effectiveness of the implementation of KLM and starting January 1, 2025.

KLM is directed to encourage bank credit to support growth and job creation.

Perry conveyed that KLM incentives have been distributed to sectors that support growth and job creation, including the agricultural, trade and manufacturing, transportation, warehousing and tourism sectors and the creative economy, construction, real estate, and public housing, as well as MSMEs, Ultra Micro, and green.