SBY approves Mulyani’s new assignment

President Susilo Bambang Yudhoyono: (JP/R. Berto Wedhatama)
President Susilo Bambang Yudhoyono has approved Finance Minister Sri Mulyani’s resignation that will allow her to take the World Bank managing director post.

Speaking in a televised media conference at the State Palace on Wednesday, Yudhoyono said Mulyani’s departure was “a big loss” but ensured that her successor would carry on the financial and tax reforms she had initiated during her tenure.

“As a finance minister Ibu Sri Mulyani has worked very hard to develop an appropriate fiscal policy and reform our financial system to discipline the use of the state budget and improve accountability. She kick-started tax reform which has resulted in a steady increase in state revenue from taxes over the last few years.

“She has been our vanguard of diplomacy in international forums, particularly the G20 and during a time of global crisis she worked hard along with the government to shield Indonesia from the adverse impacts of the crisis,” Yudhoyono said.

The President said he received a letter of request from World Bank president Robert Zoellick on Mulyani’s appointment on Friday last week and met with him to discuss the matter further.

Yudhoyono said he had received Mulyani’s resignation earlier on Wednesday.

The World Bank’s move came on the heels of a political crisis which centers on the House of Representatives’ demand for legal measures against Mulyani and Vice President Boediono in connection with the Bank Century bailout in November 2008.