Indonesia has announced plans to cancel $550 million in debts owed by small businesses, aiming to ease financial burdens and boost economic growth. The move is part of the country's efforts to support micro, small, and medium-sized enterprises (MSMEs), which are a crucial sector for job creation and innovation.

Source: https://www.bloomberg.com/news/articles/2024-11-05/indonesia-aims-to-cancel-550-million-in-small-businesses-debts