VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesian President Joko Widodo is giving priority to economic stimulus for micro, small, and medium enterprises (MSMEs), which contribute 60 percent of the gross domestic product (GDP) and employ 97 percent of the people. As quoted by Antara News Agency,  Minister of Cooperatives and SMEs, Teten Masduki, on Wednesday in Jakarta stated that based on the President's instruction, economic stimulus is (being) prioritized for MSMEs because this sector contributes to 60 percent of the GDP and employs up to 97 percent (of the total population). The stimulus policy is directed at MSMEs because 99 percent of business operators in Indonesia is engaged in the MSME sector, and the majority of such enterprises are micro-businesses. Therefore, Teten noted, President Joko Widodo has requested that the MSME loan restructuring program be expanded. (ANTARA)