Date
30 May 2017
Joko Widodo shakes hands with Indonesia's new economics chief, Darmin Nasution (left). Photo: AFP
Joko Widodo shakes hands with Indonesia's new economics chief, Darmin Nasution (left). Photo: AFP

Indonesian president reshuffles cabinet

Indonesian President Joko Widodo reshuffled his cabinet in an attempt to boost the ailing economy.

Analysts predicted the move would have little immediate impact on the resource-rich country’s fortunes, The Wall Street Journal reported.

Nearly 10 months into his first term, Widodo made six changes Wednesday to a cabinet of more than 30 officials.

A key change was to bring in a respected former governor of Bank Indonesia, Darmin Nasution, to head the country’s economics team.

The new trade minister will be Thomas Lembong, a presidential economic adviser and private-equity executive.

Nasution said his first priorities will include shoring up food supplies to ease inflation and attracting foreign investment.

“We are lacking capital inflows. That’s why the rupiah is weakening,” he told reporters.

Economic growth has slipped to a six-year low since Widodo took office.

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