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Two Drafts, One Head

Monday, September 7, 2020

Parliament is coming out with plan to discuss revising law on the Bank Indonesia, which many fear will erode the central bank’s independence. It seems to be heavily favoring the government.

(Front, L-R) Bank Indonesia Governor Perry Warjiyo, Finance Minister Sri Mulyani, and Financial Services Authority’s Commissioner for Banking Supervision Heru Kristiyana at a meeting with DPR’ Finance Commission at the Paliament Complex, Senayan, Jakarta, August 24./ ANTARA/Reno Esnir. tempo : 173223901521.

FINANCE Minister Sri Mulyani Indrawati started her press conference on Friday, September 4, by mentioning the President. Flanked by senior ministry officials, she opened the session by saying that President Joko Widodo has asked her to explain the government’s position on plans to reform the financial system’s stability. “The President’s explanation is clear: monetary policies must remain credible, effective, and independe

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