PT Bank Pembangunan Daerah Papua or Bank Papua said that the condition of entering an endemic period marked by the easing of the use of masks is expected to accelerate the rate of economic growth in the Earth of Cendrawasih.
The Business Director of Bank Papua, Sadar Sebayang, told Antara in Jayapura, Sunday, that by easing community activities, the economic recovery could be gradual.
"Based on the results of the evaluation, the government is now starting to transition from a pandemic to a COVID-19 endemic," he said.
According to Sadar, with the COVID-19 condition that has started to improve throughout Indonesia, especially Papua, the economy will soon recover.
"As a financial institution, Bank Papua welcomes the easing of community activities, so that it can optimize community mobilization, which in turn will improve the community's economy," he said.
According to Bank Indonesia data, the Papuan economy in the fourth quarter of 2021 grew by 17.16 percent (yoy), higher than the national economic growth of 5.02 percent (yoy).
This growth was also higher than the growth in the third quarter of 2021 which was recorded at 14.89 percent (yoy).
He explained that if the situation continues to improve, people will need more funds for their daily needs.
"In the end, we as a banking financial institution can provide even more optimal support by easing," he said.
The current situation of economic growth in Papua will be getting better and including credit at Bank Papua will have an impact on increasing lending by banks.
SOURCE : https://www.antaranews.com/berita/2907769/bank-papua-pelonggaran-activity-community-pacu-permbuh-economy
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