Indonesian President Susilo Bambang Yudhoyono has appointed Bank Mandiri president Agus Martowardojo as the new Finance Minister of the country replacing Sri Mulyani Indrawati, who will take up her new post as managing director at the World Bank.
Besides, he appointed senior Finance Ministry official Anny Ratnawati as Deputy Finance Minister.
The installation ceremony at the presidential palace was attended by Vice President Boediono and all cabinet ministers including outgoing Sri Mulyani and other state institution leaders.
In his speech, the President gave seven orders to the new Finance Minister and Vice Finance Minister while thanking Mulyani for her services.
He called on both the newly appointed ministers to increase domestic income from tax or non-tax resources, continue tax and customs reforms and develop wider fiscal decentralisation policy.
Yudhoyono also called for continuing the country's role in international forums such as G20, APEC, ASEAN and cooperation with world financial institutions.
Agus is a senior banker and has a lot of experience working in a number of banks in the country while Anny holds a doctorate degree on agriculture from the Bogor Institute of Agriculture.