Indonesia's Widodo names new economy minister




Indonesia's Widodo names new economy minister

Indonesian President Joko Widodo replaced major economic ministers in a cabinet reshuffle today less than a year into his term.


Former central bank governor Darmin Nasution was named to the important post of chief economics minister, while prominent private equity executive 

Thomas Lembong was appointed the new trade minister.

Four other ministers were replaced.
“The cabinet reshuffle is a good move as it shows that Jokowi is bold enough to make changes and replace underperforming ministers,'' said Salim Said, from the Indonesian Defense University, using Widodo's nickname.
Wellian Wiranto, an economist with Singapore-based OCBC Bank, said there was hope that Nasution will “have a better chance at coordinating economic policies among the myriad of ministries and agencies which have been largely lacking thus far.’’
Growth in Indonesia has continued to slide, falling to a six-year low of 4.67 percent in the second quarter.—AFP
Indonesia's Widodo names new economy minister Indonesia's Widodo names new economy minister Reviewed by Ajit Kumar on 3:17 PM Rating: 5

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