February 23, 2011 / 12:16 AM / 8 years ago

PROFILE-Indonesia's Finance Minister Agus Martowardojo

Position: Finance Minister

Incumbent: Agus Martowardojo, 55

Term: Since May 2010. Cabinet ministers can be reshuffled or else remain in office until the government’s term ends in October 2014.

Key facts:

— Martowardojo took over from Sri Mulyani Indrawati, a top reformer who had upset the political and business elite with her anti-corruption drive, and he appears determined to continue her agenda in a bid to woo investment and improve economic performance.

— A career banker, Martowardojo turned around state-owned Bank Mandiri, the country’s biggest lender, by slashing non-performing loans and raising the bank’s profile among international investors.

— Despite Indrawati’s rough treatment for standing up to vested interests, Martowardojo has vowed to continue her efforts to boost state revenues by improving collection in the customs and the tax office.

— Martowardojo was previously considered a strong candidate for the post of central bank governor. President Susilo Bambang Yudhoyono nominated him for the post in 2008, but he and the other candidate at the time, Raden Pardede, were both rejected by a parliament that appeared keen to flex its political muscle.

— Amsterdam-born Martowardojo studied economics and is seen as investor-friendly. He’s already well known to foreign and local investors because of his profile at Bank Mandiri, where under his leadership the stock outperformed the overall market in four out of the last five years.

(Reporting by Jakarta Bureau; Editing by Daniel Magnowski)

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