Indonesia to shore up economy with US$8bil stimulus amid Covid-19

Indonesian President Joko Widodo (left) inspects Jakarta International airport in Tangerang on Friday (March 13) on its preparation to fight against any spread of the coronavirus. Indonesia has prepared a stimulus package worth 120 trillion rupiahs (US$8.1 bill) to accelerate the economic growth to counter the challenges of the outbreak. - AFP

JAKARTA: Indonesia has prepared a stimulus package worth 120 trillion rupiahs (US$8.1 bill) to accelerate the economic growth to counter the challenges of the Covid-19 (coronavirus) outbreak, the country's finance minister said on Friday (March 13).

Indonesian Finance Minister Sri Mulyani Indrawati pointed out that the package constitutes 0.8% of the country's gross domestic product (GDP) and it will be used to shore up the economic growth which has been slowing down since recently.