Indonesia expands economic policy committee to include investment body

Danantara, an investment management body, will now participate in the decision-making processes of the Financial System Stability Committee (KSSK), a significant shift in Indonesia's economic policy coordination. This inclusion aims to broaden the scope of KSSK's considerations beyond just fiscal and monetary policies to encompass their direct impact on the economy and the business world.

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So, KSSK is also asked to involve Danantara in making every decision, so that it has a direct impact on the economy and the business world, not just from the fiscal and monetary side.

"So, KSSK is also asked to involve Danantara in making every decision, so that it has a direct impact on the economy and the business world, not just from the fiscal and monetary side," said Rosan Roeslani, CEO of Danantara Indonesia, after a limited meeting with President Prabowo Subianto in Jakarta.

Roeslani explained that this integration, dubbed "KSSK plus, plus Danantara," is intended to strengthen the coordination of financial sector policies and consider the entire economic ecosystem. President Prabowo conveyed this directive following a limited meeting that included the Acting Governor of Bank Indonesia, Destry Damayanti.

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So it's more about the whole ecosystem. So the direction is KSSK plus, plus Danantara.

The development comes after the resignation of Bank Indonesia Governor Perry Warjiyo, whose position is temporarily filled by Senior Deputy Governor Destry Damayanti. Roeslani clarified that Danantara does not propose candidates for the definitive Governor of Bank Indonesia, as this remains the prerogative of the President. Warjiyo resigned voluntarily for personal reasons after serving approximately seven years.

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Oh no, that is the President's prerogative.