The Impact Of Covid-19 On The Implementation Of Credit Agreements In The Digital Economy Era

Abstract

The Indonesian government has designated Covid-19 as a type of disease that causes public health emergencies, by issuing Presidential Decree No.12 of 2020 concerning the Determination of NonNatural Disasters for the Spread of Corona Virus Disease 2019 (Covid-19) as a National Disaster. Business actors, both as suppliers, service providers, service providers, distributors and consumers experienced an unfavorable situation during the Covid-19 pandemic. The formulation of the problem is What is the Impact of Covid-19 on the Implementation of Credit Agreements in the Digital Economy Era? The research method used is juridical empirical. The results of the research are: The impact of Covid-19 on the Implementation of Credit Agreements in the Digital Economy Era, namely that there has been a decrease in a person’s economic capacity so that it affects the implementation of agreements, especially credit agreements. The Covid-19 pandemic can be used as one of the reasons for debtors not to be able to carry out the agreement, but must be assessed on a case by case basis depending on the conditions of each debtor. As a result of the Covid-19 Pandemic, OJK issued Financial Services Authority Regulation No.11 / POJK / 03/2020 concerning National Economic Stimulus as a Countercyical Policy on the Impact of the Spread of Corona Virus Disease 2019 (POJK No.11 of 2020). Banks can provide restructuring / credit relief / financing to debtors. Keywords: Covid-19, Credit Agreement, Digital Economy.