AICCnewlogoltr
OutlookBanner
cameragirlsmall oilgassmall papayagirl borobudursmall

COMMENTARY ON US-INDONESIA COMMERCIAL DEVELOPMENTS FROM THE AMERICAN INDONESIAN CHAMBER OF COMMERCE

Top AICC Homepage

Wednesday, May 5, 2010

Sri Mulyani Resigns

Indonesia's Finance Minister, Sri Mulyani, has resigned to take up a post at the World Bank as a Managing Director, June 1. A successor has yet to be named. Certainly, this able economist/reformer has many reasons to leave Indonesia's government, given the unending political efforts to blame the Bank Century debacle on her as well as the "push back" from her campaign to reform her corruption laden customs and tax offices. I suppose there are sighs of relief in many companies and within certain government offices but I hope the President appoints someone who will keep up the pressure. It would be natural to expect international investors to pause in their zeal for Indonesia debt or equity. We will all be waiting to see how President Yudhoyono plays his next move. Meanwhile, we have to acknowledge the courage and fortitude of one of Indonesia's most able public servants and wish her well in her new life here in the US. Mulyani will be part of World Bank President Robert Zoellick's inner circle.

Accepting the appointment Ms. Indrawati said: It is a great honor for me and also for my country to have this opportunity to contribute to the very important mission of the Bank in changing the world."

“Ms. Indrawati brings a unique set of skills and experience to the World Bank Group, from the vantage point of an advancing Middle-Income country that still faces significant challenges of poverty. She has received global recognition for her success in combating corruption and strengthening good governance,” noted Mr. Zoellick. “She has been a leader in the developing world on climate change, and active in the international arena through the G-20, APEC, ASEAN and other groups.”

Blog Archive

About Me

My photo

President of the American Indonesian Chamber of Commerce, a private not for profit membership organization based in NY.

These views do not necessarily represent those of the American Indonesian Chamber of Commerce or its members.

Top AICC Homepage