Investors reassured by new Indonesia finance minister

The resignation of Sri Mulyani Indrawati as Indonesia’s finance minister shocked investors, but the announcement of Agus Martowardojo as her replacement gives them some peace of mind.

Investors reassured by new Indonesia finance minister
Indonesia's new finance minister, Agus Martowardojo, speaks with reporters after his swearing in ceremony on May 20.

After the shock of Sri Mulyani Indrawati's resignation at the beginning of May, international investors in Indonesia breathed a sigh of relief last week as a banker was appointed to run the country's finances.

Reformist finance minister Indrawati left President Susilo Bambang Yudhoyono's SBY cabinet to take up a senior position at the World Bank, apparently pushed or surrendering following a relentless attack on her integrity and competence by Golkar Party foes over her handling of the Rp6.7 trillion $730...

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