Indonesia’s Finance Minister Sri Mulyani finds common ground with Prabowo to stay for third term

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Her reappointment assures investors, but President Prabowo’s bold economic growth target is still a challenge.

JAKARTA – Dr Sri Mulyani Indrawati was sworn in as Indonesia’s finance minister on Oct 21, marking her appointment under a third consecutive president after months of speculation that she might not join the new administration of President Prabowo Subianto.

The uncertainties stemmed from rumours that the 62-year-old was keen to retire from politics and return to the international financial organisations where she had worked. When asked why Dr Sri Mulyani decided to stay, Dr Siwage Dharma Negara, a senior fellow at the ISEAS – Yusof Ishak Institute in Singapore, pointed out that she and Mr Prabowo had been in talks in the lead-up to the inauguration, and they appeared to have ironed out some issues.

After these “long and extensive” talks, Dr Sri Mulyani confirmed to reporters later that day that she would be finance minister again.Extensive experience “Her extensive experience and reputation as a professional economist provide confidence to both domestic and international investors, especially given her past performance in maintaining fiscal discipline,” he said.

The plan, for which the government has set aside 71 trillion rupiah , is being piloted in schools in cities such as Jakarta and Semarang in Central Java, with meals that include rice with side dishes.

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