Indonesian students potentially lost Rp 556.8 trillion due to the pandemic.

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Dwi Hadya Jayani 30/04/2021 15:30 WIB
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Estimated Lifetime Earnings Loss of Indonesian Students During the Pandemic
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The Asian Development Bank (ADB) states that Indonesian students potentially face lifetime income losses due to reduced learning opportunities during the COVID-19 pandemic. This is because many schools closed when the pandemic hit the country.

According to the ADB, the potential lifetime income loss for Indonesian students reaches US$38.5 billion in a moderate scenario. This is equivalent to Rp 556.8 trillion at an exchange rate of Rp 14,446.7/US$.

In an optimistic scenario, Indonesian students potentially face lifetime income losses of US$25.6 billion or Rp 369.8 trillion. Meanwhile, the potential lifetime income loss in a pessimistic scenario reaches US$55.2 billion or Rp 797 trillion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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