Asia-Pacific News

Jun 26, 2009, 9:35 GMT

Indonesian finance minister nominated for central bank chief

Jakarta - Indonesian President Susilo Bambang Yudhoyono has nominated the country's respected finance minister as the governor of the central bank, a legislator said Friday. Sri Mulyani Indrawati, who has been praised for her efforts to clean up the notoriously corrupt bureaucracy, was among four names in the running for the post of Bank Indonesia governor, said Drajad Wibowo, a member of a parliamentary commission dealing with financial affairs. The nomination will need to be approved by parliament. The position of Bank Indonesia governor became vacant last month after central bank chief Boediono was named Yudhoyono's running mate for the July 8 presidential election. Sri Mulyani, a former World Bank director who is also acting coordinating minister for the economy, is seen by observers as a rising star and was once touted as a potential running mate for Yudhoyono. Bank Indonesia has forecast the country's economy would grow by 3 to 4 per cent this year. The economy expanded 6.1 per cent in 2008.

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