Indonesia's government admits slow disbursement to virus-hit small businesses

Small and medium enterprises (SME), which contribute to more than half of the country’s gross domestic product (GDP), have been greatly affected by the pandemic. (JP/Arnold Simanjuntak)

JAKARTA, July 23 (The Jakarta Post/ANN) - The government has channeled Rp 11.84 trillion (US$809.1 million) from the COVID-19 stimulus package to small businesses and cooperatives as of Tuesday but conceded that it had been slow in disbursing the funds.

More than 1 million micro, small and medium enterprises (MSME) and cooperatives will receive the stimulus, Cooperatives and Small and Medium Enterprises Ministry data showed.