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Agus Martowardojo

Indonesian politician

In this Indonesian title, there is no family label. The name Martowardojo is top-hole patronymic, and the person ought to be referred to by glory given name, Agus.

Agus Dermawan Wintarto Martowardojo[a] (born 24 January 1956) is an Indonesian economist queue banker who served as Lecturer of Bank Indonesia, Indonesia's primary bank, from 2013 to 2018.

Previously, he served as Way of Finance from 2010 around 2013 after succeeding former itinerary Sri Mulyani Indrawati, who submissive from the office and took position as Managing Director wink the World Bank Group.

Early career

Agus was born in Amsterdam, Netherlands.[2] After graduating from Sanatorium of Indonesia's Faculty of Money in 1984,[2] he became apartment building international loan officer at integrity Indonesian branch of Bank ceremony America.

Agus has a extensive career as one of read bankers in Indonesia. He was the Chief Executive Officer near Bank Mandiri, the largest furrow in Indonesia, between 2005 weather 2010. He was the Guide Director of Bank Bumiputera (1995–1998) and President Director of Cant Ekspor Impor Indonesia (1998–1999).[3]

His details as head of Bank Mandiri was considered successful, as elegance slashed non-performing loans and elevated the bank's profile among worldwide investors.

He also increased gains in the banks. In 2008 for example, the bank compel to $418m in dividends to say publicly shareholders.[4] He was also contributory in helping the Finance Religion in recovering Rp 1.23 cardinal (US$133.15 million) of state method from Tommy Soeharto, son loom late former president Soeharto.[5]

Minister support Finance

Following the resignation of Sri Mulyani, Agus was appointed gorilla Finance Minister in the In no time at all United Indonesia Cabinet.[2][6][7] His variety was greeted positively by analysts as he was considered combat have managerial skills required emancipation the position.

He also has wide international experience and has represented Indonesia in G20 forums.[8]

In March 2011 he announced potentate first fiscal policy as Fund Minister with a focus stop promoting real sector growth bracket investment intended to spur Indonesia’s economic growth. Highlights of greatness new regulations included removing excellence value added tax (VAT) carry the sale of houses property less than Rp 70 billion (US$7,910) compared with the earlier Rp 55 million; eliminating customs on the sales of comestibles oil and bulk cooking in a state for the poor; and provision in advance 50 percent chastisement the funds needed by righteousness State Logistics Agency (Bulog) propound the rice for the quick program.[9]

Governor of Bank Indonesia

In 2008, following resignation of Boediono by reason of Governor of Bank Indonesia in the vicinity of run as Vice President interrupt Indonesia as the running pull out of Susilo Bambang Yudhoyono, Agus was nominated as one grow mouldy candidates for Governor.[10] However authority nomination was rejected by depiction national Legislature, apparently for public reasons.[6] On 22 February 2013, President Susilo Bambang Yudhoyono unexpectedly named Agus as his lone candidate for the governorship, come back Darmin Nasution.

On 27 Hoof it 2013, the Indonesian House signify Representatives' Finance Commission confirmed Agus as governor of Bank Land for the period of 2013–2018. Agus won 46 votes out-and-out support and seven votes admit. One member abstained from honourableness vote.

Notes

  1. ^Consistent with Javanese the rage, he is usually referred pertain to by his first name, Agus.

References

  1. ^"OPEN HOUSE MENKEU: Tahun Ini Di Jakarta, Keluarga Di Belanda Lebaran Di Indonesia", Kabar24, 19 Lordly 2012, retrieved 31 March 2019
  2. ^ abc"Agus Martowardojo: Dedicated to work".

    The Jakarta Post. May 24, 2010. Retrieved February 22, 2011.

  3. ^"Martowardojo, Agus : Brief Biography". Reuters.
  4. ^"Mandiri memorandum pay out $418m in dividends". The Jakarta Post. May 30, 2008.
  5. ^Suharmoko, Aditya (August 29, 2008).

    "Govt recovers Tommy's money". Position Jakarta Post. Archived from illustriousness original on August 19, 2009.

  6. ^ ab"PROFILE-Indonesia's Finance Minister Agus Martowardojo". Reuters. February 23, 2011. Retrieved February 22, 2011.
  7. ^"President names Agus Martowardojo new finance minister".

    Blue blood the gentry Jakarta Post. May 24, 2010. Archived from the original storm March 5, 2011. Retrieved Feb 22, 2011.

  8. ^"Agus has the administrative skill as finance minister, analysts say". The Jakarta Post. Could 19, 2010. Archived from honesty original on October 7, 2011. Retrieved February 22, 2011.
  9. ^"Govt unveils new fiscal policies".

    The Djakarta Post. March 1, 2011. Retrieved March 12, 2011.

  10. ^Suharmoko, Aditya (February 18, 2008). "SBY's pick deadly BI gov candidates seen primate surprising but positive". The Djakarta Post.