Wednesday, May 19, 2010

The New Finance Minister & his Deputy

This evening President Susilo Bambang Yudoyono (SBY) appointment Agus Martowardoyo (54), President Director of Bank Mandiri (state owned bank), as Finance Minister to replace Sri Mulyani who will become Managing Director of the World Bank this June.

Further, SBY also appointed Anny Ratnawati (48), currently Director General of Budget of the Department of Finance, as Deputy Finance Minister.

Both top officials can be regarded as suitable choice i.e combination of Agus as a professional banker who successfully led Bank Mandiri (merger of 4 state owned banks) since 2005, and Anny as a carreer employee of the Dept. of Finance. They will be inducted by the President tomorrow.

Nevertheless, Agus needs more than his professional skills to do his new job i.e. serve the people and country.  He must also be able to satisfy the wishes of various political powers in this country if he wants to keep his job until 2014. Otherwise he would only be a victim of circumstances and coincidence like his predecessor.

Media reports related to the above post::
- Banker Who Can Work Miracle (The Jakarta Globe)
- Agus has the Managerial skill as Finance Minister, Analysts says (The Jakarta Post) 
- Anny Ratnawati Dipercayai Jabat Wakil Menteri Keuangan (Antara News) 

Photo: Courtesy of Kompas.

6 comments:

Simon said...

So far I'm happy with his appointment.

I really hope he has real integrity and doesn't bow down to political pressure. I really do.

Oh. Sri Mulyani for 2014 president?

H. Nizam said...

Simon,
Many people seemed to be happy with his appointment.
Re: Sri Mulyani for 2014 president
It is a good possibility because so far there is no others who are suitable for the job.

umihoney said...

Realistically speaking its hard not to bow down to political pressure.After all the appointment itself is political.

H. Nizam said...

Hi Umi,
You are right that cabinet ministers and their deputies are appointed based on political considerations therefore difficult to expect them not to bow down to political pressures. We can only expect that they would maintain their professionalism.

colson said...

The man has, or so it seems, the right qualifications. So lets hope and see. And let us trust he will be able to fight of some wishes of some notorious politicians ( i.c. Bakrie/Golkar).

H. Nizam said...

Colson,
We can only hope and pray that SBY would not let selfish politicians mess around again with one of his vital aides.