Close coordination with the Financial System Stability Committee was pursued to improve the property and automotive sectors through fiscal incentives by the Government and the relaxation of macroprudential policies by Bank Indonesia to maintain financial system stability and revive financing to the corporate sector.
Meanwhile, the Financial Services Authority continued to relax credit restructuring requirements in the banking industry by delaying principal and interest installments to avoid increasing non-performing loans and eroding capital by extending Consumer Protection in the Financial Services Sector (POJK - Perlindungan Konsumen Sektor Jasa Keuangan) through OJK Regulation (POJK) No. 48 of 2021, valid until March 2023.