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Muliaman, Ronald named BI deputies
Thursday, December 8, 2011 | Admin

JAKARTA. The House confirmed two Bank Indonesia deputy governors on Wednesday, expecting the pair to lower lending rates to stimulate growth.  

Incumbent deputy governor Muliaman Hadad was reappointed to his post for a second 5-year term, while Ronald Waas approved for a first term.

The pair, confirmed by majority vote by members of House Commission XI overseeing finance, were backed by major political parties, such as the Democratic Party, the Golkar Party and the Indonesian Democratic Party of Struggle (PDI-P), according to lawmakers.

Ronald, the central bank’s accounting and payment system chief, captured 37 votes against the 18 mustered by rival Perry Warjiyo.

Perry, BI’s chief of economic and monetary policy research, failed to pass the House’s “fit-and-proper tests” for a deputy governor post for a third time.

Ronald and Perry are career civil servants, having worked at the central bank since 1980 and 1984, respectively.

However, before the commission, Ronald focused on supporting micro-lending and improving payment systems, especially in border areas, while Perry proposed macroeconomic prudence to mitigate the impact of the global economic crisis on Indonesia.

“Perry was too monetary. This post is intended to take over the late Budi Rochadi’s payment system role. And on reciprocity, Ronald showed his strong commitment and he was ready for dissenting opinion during the board of governors meeting,” PDI-P lawmaker Maruarar Sirait said.

The nation’s banking industry has demanded “reciprocal” treatment from banking authorities in Indonesia and overseas so that they could operate more easily abroad, just as foreign banks have found it easy to do business in Indonesia.

Golkar lawmaker and Commission XI vice chairman Harry Azhar Aziz said Muliaman outshined other candidates during the fit and proper hearings.

According to Harry, while another candidate, Bank Mandiri vice president director Riswinandi, showed strong a commitment to address the reciprocal banking principle in his presentation, the Commission “trusted Muliaman more this time”.

Riswinandi received 17 votes to the 38 votes received by Muliaman, who was expected to continue to oversee the central bank’s banking research and regulation program.

Muliaman, who holds a master’s degree from Harvard University in the US and doctorate from Monash University in Australia, is also a career civil servant, beginning his career at the central bank in 1986.

Meanwhile, Riswinandi has had an extensive and wide-ranging banking career after graduating from Trisakti University with a bachelor’s degree in economics.

Harry said the House expected that Muliaman and Ronald would follow up on their commitments to the reciprocal principle and to lower bank lending rates to aid the real sector.

 

Source: Esther Samboh – The Jakarta Post

 

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