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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. |