Farm output declined by 16 per cent between 2017 and 2019, and farm exports fell by 13 per cent. A further decline of around 10 per cent in farm output is expected in 2020, representing a drag on GDP growth of around a quarter of a percentage point. This is a stark reminder that the economic effects of these climate events are material.
The DIS data is utilized by bank and non-bank financial institutions as one of the main considerations in credit extension process to verify debtors’ identities, credit facilities extended by other financial institutions, payment history, collateral, etc. Therefore, accuracy and singularity of debtors’ data are very important factors. b. Second, to increase effectiveness of Bank Indonesia in conducting assessments and designing more efficacious credit policies.