The government is paying attention to complaints about high placement fees. People's business credit could be a solution.
The following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found inTechnical Analyst for Innovative and Sustainable Finance, Greget Kalla Buana, presented the study report titled"Empowering Migrants: Feasibility Study of Innovative Financing Mechanism on Migration" on Thursday, January 25, 2024, in Jakarta, as part of the Innovative Financing Lab UNDP Indonesia.
As a result, a number of people who can go abroad to work have to set aside their income to pay off debts. Low financial literacy means that among them and their families, they cannot manage remittances well. He added that the special KUR for Indonesian migrant workers will continue as a means to bridge the large gap between the cost of departure and the potential for remittances. The government also provides interest subsidies for the KUR.A discussion was held regarding the evaluation of the Migrant Worker Resources Center program at the Community Empowerment Department Hall in Cirebon Regency, West Java on Tuesday .
In accordance with Law Number 18 of 2017 concerning the Protection of Indonesian Migrant Workers, it is prohibited for anyone to impose placement cost components that have been borne by prospective employers onto Indonesian migrant workers. In line with this mandate, the Indonesian Migrant Workers Protection Agency issued Regulation No. 9 of 2020 concerning the Exemption of Placement Costs for Indonesian Migrant Workers, which was subsequently amended to Regulation No.
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