Forms and Procedures for Government Investments Introduced

The Minister of Finance (“Minister”) has issued Regulation No. 53/PMK.05/2020 on Procedures for Government Investments (“Regulation 53/2020”), which represents an implementation of the diverse provisions originally set out under Regulation of the Government No. 63 of 2019 on Government Investments (“Regulation 63/2019”)[1] and Regulation of the Government No. 23 of 2020 on the Implementation of a National Economic Recovery Program in Order to Support State Financial Policies for the Mitigation of the Corona Virus Disease 2019 (COVID-19) Pandemic and/or to Deal With Threats That Are Potentially Harmful to the National Economy and/or the Stability of the Financial System as Well as to Save the National Economy (“Regulation 23/2020”)[2].