First, relaxing the loan-to-value (LTV) ratio on property loans and down payment requirements on automotive loans to 0%, effective from 1st March 2021. Bank Indonesia initiated the policy in synergy with the Government and Financial Services Authority (OJK), which issued a separate policy package to stimulate the property and automotive sectors – as sectors with strong (backward and forward) linkages to other economic sectors.
As a small and open economy, South Africa has an interest in seeing the G-20 Agenda succeed because of our level of interconnectedness within the global economy.