Embassy of Indonesia - Ottawa Canada May 7, 2003  

Government had set up a team to formulate the strategy
of post IMF program

Coordinating Minister for Economic Affairs and Governor of Bank Indonesia have signed the Joint Decree to establish the Team to Formulate the post IMF - LOI Strategy on April 22, 2003. The decision to create such team was supported by the significant economic and political improvements as well as the strong commitment of the Government to be independent in running the economic policy, thus forcing them to review the IMF Program. The decision was also based on the Parliament Decree No. IV/MPR/1999 concerning the General State Guidelines and Parliament Decree No.II/MPR/1999 concerning policy recommendation for expediting economic recovery.

Three high government officials, that are Coordinating Minister for Economic Affairs, Finance Minister and Governor of Bank Indonesia will direct the Coordination Team. The team will be led by the Deputy for Coordination of International Economic Cooperation from the Coordinating Ministry of Economic Affairs. The Chairman will be assisted by two secretaries, Secretary I (Head of the Fiscal Analysis Agency – Ministry of Finance) and Secretary II (the Director of the Directorate of Economic Research and Monetary Policy – Bank Indonesia). The team will be also supported by 9 other members:

1. Senior Deputy Governor of Bank Indonesia
2. Deputy Governor for Economic and Monetary Statistic of Bank Indonesia
3. Deputy for Macro Economic and Financial Coordination of the Coordinating Ministry for Economic Affairs.
4. General Director of Taxation, Ministry of Finance.
5. General Director of Budget, Ministry of Finance
6. Executive Secretary of State Minister for State Enterprises.
7. Deputy Minister for Economic Affairs of the National Development Planning Agency.
8. Deputy Minister for Development Finance of the National Development Planning Agency.
9. Expert Staff for Micro Economic Affairs of the Chairman of the National Development Planning Agency.

The Team will be resposible to provide recommendation based on the medium term analysis of the projection and policy strategy after the IMF – LOI Program. The Coordination Team mandate is effective back from January 1, 2003 until December 31, 2003.

 

 Source :  Office of Coordinating Minister for Economic Affairs