JAKARTA (Reuters) – The Indonesian government removed finance minister Sri Mulyani Indrawati in a cabinet reshuffle on Monday, state secretariat minister Prasetyo Hadi said. He did not say who would replace her. Sri Mulyani is one of Indonesia’s longest-serving finance ministers and has worked under three presidents. She won plaudits for reforming the taxation system […]
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Indonesia removes finance minister Sri Mulyani Indrawati, official says
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JAKARTA (Reuters) – The Indonesian government removed finance minister Sri Mulyani Indrawati in a cabinet reshuffle on Monday, state secretariat minister Prasetyo Hadi said.
He did not say who would replace her.
Sri Mulyani is one of Indonesia’s longest-serving finance ministers and has worked under three presidents. She won plaudits for reforming the taxation system and for her role in steering Southeast Asia’s largest economy through several crises, including the pandemic and the global financial crisis.
In between her first and second stints as finance minister, she served as a managing director of the World Bank.
The main stock index erased earlier gains to trade 1% lower as of 0848 GMT. The rupiah was little changed after the announcement, having been up around 0.7% against the dollar during the day.
The announcement came after two weeks of protests and unrest across the country, which have included calls for a fairer taxation system.
During some of the protests in late August, looters broke into Sri Mulyani’s home.
(Reporting by Stefanno Sulaiman; Editing by John Mair)