Resilience council line-up reshuffled<\/p>\n
JAKARTA (JP): President Soeharto has removed Widjojo
\nNitisastro from the position of secretary-general of the Economic
\nand Monetary Resilience Council, a body set up to oversee the
\nimplementation of the country's economic reform program.<\/p>\n
The President, through decree No. 47 issued March 19, named
\nthe Salim Group's Anthony Salim to succeed Widjojo, who moves to
\nthe vice chairman's post on the council.<\/p>\n
The council is chaired by Soeharto himself.<\/p>\n
The new decree also establishes a special executive body to
\ncarry out the council's daily activities.<\/p>\n
The executive body, chaired by Coordinating Minister of
\nEconomy, Finance and Industry Ginandjar Kartasasmita, is obliged
\nto report its activities to the President.<\/p>\n
The resilience council was established in January to supervise
\nthe implementation of the 50-point economic reform program agreed
\nto by Soeharto and International Monetary Fund (IMF) managing
\ndirector Michel Camdessus as the condition for an IMF-sponsored
\nUS$43 billion rescue package.<\/p>\n
\"The secretary-general of this council will have full
\nresponsibility and authority to ensure the timely implementation
\nof the reform measures agreed to with the IMF,\" Soeharto says in
\nhis Jan. 15 letter of intent to Camdessus.<\/p>\n
The State Secretariat distributed copies of the President's
\ndecree to the media yesterday without explanation.<\/p>\n
Widjojo could not be contacted for comment yesterday.<\/p>\n
Anthony is a member of the Corporate Foreign Debt Settlement
\nTeam, set up in January and chaired by former minister of finance
\nRadius Prawiro.<\/p>\n
The team is assigned to assist Indonesian private enterprises
\nto settle a total of $73.96 billion in debts with their overseas
\ncreditors.<\/p>\n
The council's membership was also partly changed due to the
\nestablishment of the new cabinet. Members of the previous council
\nincluded ministers who held council positions on an ex-officio
\nstatus.<\/p>\n
The members of the current council include Ginandjar, Minister
\nof Finance Fuad Bawazier, Minister\/State Secretary Saadilah
\nMursjid, Minister of Industry and Trade Mohamad \"Bob\" Hasan,
\nMinister of Foreign Affairs Ali Alatas, Minister of Empowerment
\nof State Enterprises Tanri Abeng, Governor of Bank Indonesia
\nSjahril Sabirin, Radius Prawiro and chairman of the Federation of
\nDomestic Private Banks Atmosardjono Subowo. (prb)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/resilience-council-line-up-reshuffled-1447893297",
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