Prabowo directs Himbara to lower UMKM credit rates

President Prabowo Subianto directed Himbara banks to offer lower credit interest rates to MSMEs than to corporations during a meeting at the Presidential Palace on Thursday.

The meeting was attended by Bank Mandiri CEO Riduan, BNI CEO Putrama Wahju Setyawan, BRI CEO Hery Gunardi, BTN CEO Nixon L.P. Napitupulu, and BSI Commissioner Muhadjir Effendy. Coordinating Minister for Economic Affairs Airlangga Hartarto and Investment Minister Rosan Roeslani were also present.

The President stressed that Himbara banks must exercise prudence and serve as the lifeblood of the national economy. The combined market capitalization of the five banks reaches Rp1.100 trillion.

The government also introduced a one-stop export system with foreign exchange proceeds managed by PT Danantara Sumberdaya Indonesia and channeled through Himbara networks. Rosan Roeslani described the meeting as a productive first step to support priority economic programs.

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President Prabowo Subianto leads intense four-hour meeting with ministers and BUMN directors at Presidential Palace, focusing on efficiency, debt control, and food security.
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Prabowo holds four-hour meeting with ministers and BUMN directors

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President Prabowo Subianto led a four-hour government work meeting at the Presidential Palace on April 8, 2026, involving ministers, echelon I officials, and BUMN directors. He stressed improving bureaucratic efficiency, reducing leaks, and committing to keep debt ratio below 40 percent of GDP and APBN deficit under 3 percent. The meeting also addressed protein self-sufficiency and food security.

Economy Minister Airlangga Hartarto and Investment Minister Rosan Roeslani urged state-owned banks not to rush in raising lending rates after Bank Indonesia lifted the benchmark rate to 5.75 percent.

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President Prabowo Subianto instructed Investment Minister Rosan Perkasa Roeslani to convey positive investment data to the public following a meeting at his residence.

Coordinating Minister for Community Empowerment Muhaimin Iskandar, known as Cak Imin, has requested an additional Rp1 trillion budget from President Prabowo Subianto to support MSMEs and the creative economy.

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Vice President Gibran Rakabuming Raka affirmed his commitment to improve management of the Free Nutritious Meals program and Merah Putih Village Cooperatives to keep them free from corruption.

Indonesia's Financial Services Authority (OJK) plans a special policy to revise the Financial Services Information System (SLIK) to support the 3 million houses program for low-income people. OJK Commissioner Chair Friderica Widyasari Dewi said they will set a credit information threshold and speed up data updates. The policy is expected to be announced next week.

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Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed that the export proceeds policy will take effect on June 1 2026 following a meeting with the President at Merdeka Palace.

 

 

 

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