Indonesia finance minister Sri Mulyani’s sudden exit: What you need to know
The removal of one of Indonesia’s most prominent financial and political figures in surprise Cabinet reshuffle could deepen risks for the economy and unnerve investors
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Financial markets reeled after the sudden exit of Sri Mulyani Indrawati, the former World Bank managing director long regarded as one of Indonesia’s most credible technocrats and known for driving reforms, as well as keeping a tight rein on public finances.
The long-serving finance minister was replaced by economist Purbaya Yudhi Sadewa in an abrupt Cabinet reshuffle on Monday (Sep 8).
Analysts warn that her departure heightens risks for an economy already strained by public discontent over mounting economic pressures.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
