President Prabowo Subianto has instructed the Financial System\nStability Committee (KSSK) to enhance coordination, specifically by\ninvolving the Danantara Investment Management Agency (BPI Danantara) in\nevery policy decision. The directive was issued during a coordination\nmeeting at the Presidential Palace in Jakarta on Monday afternoon, just\nhours after the resignation of Bank Indonesia (BI) Governor Perry\nWarjiyo was announced. The meeting was attended by Acting BI Governor\nDestry Damayanti, Financial Services Authority (OJK) Chief Commissioner\nFriderica Widyasari Dewi, Deposit Insurance Corporation (LPS) Chief\nCommissioner Anggito Abimanyu, Minister of Investment and Downstreaming\nwho also serves as Head of BPI Danantara Rosan Roeslani, and Head of the\nState-Owned Enterprise (BUMN) Regulatory Body Dony Oskaria.<\/p>\n
Following the meeting, Destry Damayanti confirmed her position as\nActing BI Governor after Perry Warjiyo\u2019s resignation was accepted. She\nstated that a definitive replacement would be selected by the President\nwith the approval of the House of Representatives (DPR) in accordance\nwith the law. Destry also conveyed the President\u2019s directive for KSSK to\nstrengthen coordination and cooperation, not only among its members but\nalso with BPI Danantara. \u2018We will jointly support the government in line\nwith the policy direction that has become the government\u2019s line and\nachievements,\u2019 Destry said.<\/p>\n
Rosan Roeslani, Head of BPI Danantara, confirmed that KSSK has been\nasked to involve Danantara in every decision-making process. He\nexplained that this involvement is necessary to ensure decisions have a\ndirect impact on the economy and business, not just from fiscal and\nmonetary perspectives. Danantara will also participate in monthly\nmeetings with KSSK. \u2018So, it is more about the whole ecosystem; the\ndirective is for KSSK plus Danantara,\u2019 he stated.<\/p>\n
Destry Damayanti also urged the market not to panic despite the\nleadership change at the central bank. She assured that BI would\nmaintain its existing policy stance, with exchange rate stability\nremaining a key focus. BI will continue to intervene in the market\nthrough spot transactions, non-deliverable forwards (NDF), and domestic\nnon-deliverable forwards (DNDF). Macroprudential policies supporting\ngrowth will also be sustained. Furthermore, BI will persist with\nmeasures to encourage foreign capital inflows, including incentives such\nas lower hedging costs, as decided in the July Board of Governors\nmeeting. The leadership transition follows the announcement of Perry\nWarjiyo\u2019s voluntary resignation, which was submitted to the President on\nSaturday for personal reasons.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/kssk-asked-to-involve-danantara-in-every-decision-making-process-1785167423", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }