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Program: COVID-19 Active Response and Expenditure Support Program Loan Loan Agreement: August 3, 2020February 1st, 2021
With the global spread of the novel coronavirus infectious disease (COVID-19), it has spread rapidly in the Republic of Indonesia (hereinafter referred to as “Indonesia”) since the first case was confirmed on March 2, 2020, and by July 20 the number of infected people was 88,214, and the number of deaths was 4,239, both categories were higher than any other countries in Southeast Asia. The Government of Indonesia issued an order on March 31 that enacted large scale social restrictions in an effort to suppress the outbreak, and those measures are still currently being implemented in Jakarta, West Java, and Banten provinces. The spread of COVID-19 has also had a big impact on the Indonesian economy, with the tourist industry, transportation industry and construction industry being hit particularly hard, and the economic growth rate is predicted to decrease from 5% in 2019 to minus 0.3% in 2020 (IMF 2020). In addition, it has been pointed out that this may lead to a doubling of the unempl
