Relieving Community Activities Boosts Economic Growth in Papua – PT Bank Pembangunan Daerah Papua or Bank Papua conveyed that the condition of entering an endemic period marked by the relieving of the use of masks is expected to accelerate the rate of economic growth in the Earth of Cendrawasih.

A Business Director of Bank Papua, Sadar Sebayang, in Jayapura, Sunday (29/5/2022), said that by easing community activities, the economic recovery could be gradually. “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.

Based on 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 is also higher than the third quarter of 2021 which was recorded at 14.89 percent (yoy).

He explained that if the situation continued to improve, people would increasingly need 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.

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