Indonesia plans to establish emergency fund to ensure food security
Indonesia’s Finance Ministry has announced that it is currently formulating a contingency fund dedicated to the National Food Agency (Bapanas) to ensure the distribution of food in markets and execute policy interventions.
Indonesia plans to establish an emergency fund to ensure food security. (Photo: AFP/VNA)
Jakarta (VNA)– Indonesia’s Finance Ministry has announced that it is currently formulating acontingency fund dedicated to the National Food Agency (Bapanas) to ensure thedistribution of food in markets and execut♏e policy interventions.
Isa Rachmatarwata, Director General of Budget, said on March 5 that his agency iscoordinating with Bapanas to explore the establishment of an emergency fundmodel. This initiative aims to ensure that Bapanas has a predefined budget forprompt interventions within its operational framework. Isa emphasised theneed for oversight to ensure the targeted use of the emergency fund, preventingany undue strain on the nation's finances. He said the they aimto carry out this process effectively and efficiently by developing mechanismsthat facilitate the provision and distribution of food while ensuring propergovernance. The ministry alsocollaborates with the Financial and Development Supervisory Agency (BPKP) asauditors or verifiers for distribution activities. Meanwhile, Bapanasdisclosed that meeting the quota for importing 3.6 million tonnes of rice thisyear would require a budget exceeding 30 trillion IDR (1.9 billion USD). Bapanashas been allocated a budget of 442 billion IDR for this year./.
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Indonesia plans to establish an emergency fund to ensure food security. (Photo: AFP/VNA) 
