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Monday, November 17, 2008

EUROMONEY EXCLUSIVE: Indonesia’s embattled finance minister speaks out


Mulyani addresses Indonesia's currency troubles, the rumours that she tended her resignation over new developments in the Bakrie saga and the question of her own political ambitions




This weekend saw Indonesia’s finance minister Dr Sri Mulyani Indrawati involved in negotiations in Washington at the G20 summit. Indonesia was the sole representative of the Asean region at the meeting, and Mulyani faced the delicate task of balancing her country's needs with those of the region. Her president announced on Sunday that Indonesia would not seek direct aid from the IMF, but did not rule out cooperation with the World Bank.

Speaking to Euromoney’s Lawrence White on Friday night, Mulyani addressed Indonesia's currency troubles, the rumours that she tended her resignation over new developments in the Bakrie saga and the question of her own political ambitions

Mulyani on Indonesia’s financial crisis

Mulyani on rumours of her resignation and the implications of Bakrie saga

Dr Sri Mulyani Indrawati's profile






Some senior executives within banking are, in private of course, admitting the current composition of boards is not serving the industry’s best interests

Fewer than one in three directors of 17 banks outlined in Board stupid has any direct experience of the banking industry. Most worrying for shareholders, only one in 10 directors are former bankers in a non-executive role.

 
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