Results for: Joko Widodo

Indonesian President Joko Widodo, in his final State of the Nation address, highlighted his administration’s successes in economic growth, infrastructure development, and poverty reduction during his decade-long tenure. He also emphasized the nation’s resilience in facing global challenges like the COVID-19 pandemic and climate change. Widodo’s legacy includes the ambitious new capital city project in Borneo and a focus on green energy transition. He passed the torch to his successor, Prabowo Subianto, with hopes of achieving Indonesia’s vision of becoming a prosperous nation by 2045.

Indonesia’s outgoing President Joko Widodo will appoint Thomas Djiwandono, nephew of president-elect Prabowo Subianto, as a deputy finance minister. This appointment is intended to smooth the transition of government from Widodo’s administration to Prabowo’s, which officially starts in October. Djiwandono, a fiscal advisor to Prabowo, will work alongside the well-respected current finance minister, Sri Mulyani Indrawati. This appointment comes amidst concerns about Prabowo’s fiscal policies and the potential for increased debt, especially due to his campaign promises, including free school meals. However, Djiwandono has repeatedly reassured markets about Prabowo’s commitment to fiscal rules and keeping the budget deficit within legal limits.