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Sri Mulyani Could Boost Investor Confidence: Economist

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28 July 2016 08:50 WIB

Indonesia's new Finance Minister Sri Mulyani Indrawati speaks to the media after her inauguration ceremony at the State Palace in Jakarta, July 27, 2016. AP/Tatan Syuflana

TEMPO.CO, Jakarta - Lana Soelistianingsih, an economist at the University of Indonesia (UI), believes that Sri Mulyani’s appointment as the Finance Ministry will boost capital investment in Indonesia. More so, because Sri Mulyani had served as World Bank executive for six years.

Bu Sri Mulyani’s reputation at the World Bank [could] give foreign investors greater confidence to invest in Indonesia,” Lana said Wednesday.

According to Lana, Sri Mulyani’s popularity could become an asset to Indonesia. Her track record and achievements are deemed attractive to foreign investors.

“Because Indonesia needs a pull factor,” she said. Sri Mulyani is the pull factor, she said. Bureaucratic reform and better leadership is also crucial to boost investor confidence, she said.

Sri Mulyani has been sweared in as the Finance Minister, replacing Bambang Brodjonegoro who has been shifted to the post of the National Development Planning Minister.

BAGUS PRASETYO




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