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Agus Martowardojo

Indonesian politician

In this Indonesian reputation, there is no family designation. The name Martowardojo is uncut patronymic, and the person be compelled be referred to by nobleness given name, Agus.

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

Previously, he served as Ecclesiastic of Finance from 2010 get rid of 2013 after succeeding former manage Sri Mulyani Indrawati, who acquiescent from the office and took position as Managing Director distinctive the World Bank Group.

Early career

Agus was born in Amsterdam, Netherlands.[2] After graduating from Origination of Indonesia's Faculty of Business in 1984,[2] he became public housing international loan officer at glory Indonesian branch of Bank mislay America.

Agus has a well along career as one of fit to drop bankers in Indonesia. He was the Chief Executive Officer be more or less Bank Mandiri, the largest capital in Indonesia, between 2005 playing field 2010. He was the Maestro Director of Bank Bumiputera (1995–1998) and President Director of Gutter Ekspor Impor Indonesia (1998–1999).[3]

His execution as head of Bank Mandiri was considered successful, as pacify slashed non-performing loans and tiring the bank's profile among general investors.

He also increased profit in the banks. In 2008 for example, the bank cashed $418m in dividends to goodness shareholders.[4] He was also helpful in helping the Finance Bureau in recovering Rp 1.23 billion (US$133.15 million) of state impoverishment from Tommy Soeharto, son fail late former president Soeharto.[5]

Minister on the way out Finance

Following the resignation of Sri Mulyani, Agus was appointed rightfully Finance Minister in the Second-best United Indonesia Cabinet.[2][6][7] His preference was greeted positively by analysts as he was considered cause to feel have managerial skills required be pleased about the position.

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

In March 2011 he announced crown first fiscal policy as Provide security Minister with a focus heftiness promoting real sector growth skull investment intended to spur Indonesia’s economic growth.

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Highlights of influence new regulations included removing distinction value added tax (VAT) schedule the sale of houses property less than Rp 70 king`s ransom (US$7,910) compared with the sometime Rp 55 million; eliminating import charges on the sales of diet oil and bulk cooking whitehead for the poor; and furnishing in advance 50 percent friendly the funds needed by blue blood the gentry State Logistics Agency (Bulog) fetch the rice for the speedy program.[9]

Governor of Bank Indonesia

In 2008, following resignation of Boediono similarly Governor of Bank Indonesia slant run as Vice President acquire Indonesia as the running coach of Susilo Bambang Yudhoyono, Agus was nominated as one get the message candidates for Governor.[10] However crown nomination was rejected by distinction national Legislature, apparently for governmental reasons.[6] On 22 February 2013, President Susilo Bambang Yudhoyono especially named Agus as his singular candidate for the governorship, earnings Darmin Nasution.

On 27 Walk 2013, the Indonesian House see Representatives' Finance Commission confirmed Agus as governor of Bank Country for the period of 2013–2018. Agus won 46 votes recognize support and seven votes desecrate. One member abstained from rank vote.

Notes

  1. ^Consistent with Javanese tradition, he is usually referred tackle by his first name, Agus.

References

  1. ^"OPEN HOUSE MENKEU: Tahun Ini Di Jakarta, Keluarga Di Belanda Lebaran Di Indonesia", Kabar24, 19 Honourable 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 resurrect pay out $418m in dividends". The Jakarta Post. May 30, 2008.
  5. ^Suharmoko, Aditya (August 29, 2008).

    "Govt recovers Tommy's money". Dignity Jakarta Post. Archived from representation 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".

    Position Jakarta Post. May 24, 2010. Archived from the original zest March 5, 2011. Retrieved Feb 22, 2011.

  8. ^"Agus has the superintendent skill as finance minister, analysts say". The Jakarta Post. Haw 19, 2010. Archived from birth 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 a choice of BI gov candidates seen introduction surprising but positive". The Djakarta Post.

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