Agus Martowardojo
{{Short description|Indonesian politician}}
{{Indonesian name|patronymic=yes|Martowardojo|Agus}}
{{Infobox officeholder
| honorific-prefix =
| name = Agus Martowardojo
| image = Agus Martowardojo, Direktur Utama Bank Mandiri.jpg
| caption = Agus in 2009
| order = 15th
| office = Governor of Bank Indonesia
| term_start = 24 May 2013
| term_end = 24 May 2018
| president = Susilo Bambang Yudhoyono
Joko Widodo
| predecessor = Darmin Nasution
| successor = Perry Warjiyo
| order1 = 27th
| office1 = List of Ministers of Finance (Indonesia){{!}}Minister of Finance
| term_start1 = 20 May 2010
| term_end1 = 19 April 2013
| president1 = Susilo Bambang Yudhoyono
| deputy1 = Anny Ratnawati
Mahendra Siregar
| predecessor1 = Sri Mulyani
| successor1 = Chatib Basri
| birth_name = Agus Dermawan Wintarto Martowardojo
| birth_date = {{Birth date and age|1956|1|24|df=y}}
| birth_place = Amsterdam, Netherlands
| death_date =
| death_place =
| nationality = Indonesian
| party =
| children =
| residence =
| alma_mater = University of Indonesia
| occupation =
| profession = {{hlist|Economist|Banker|Bureaucrat}}
}}
Agus Dermawan Wintarto Martowardojo{{efn|Consistent with Javanese custom, he is usually referred with by his first name, Agus.}} (born 24 January 1956) is an Indonesian economist and banker who served as Governor of Bank Indonesia, Indonesia's central bank, from 2013 to 2018. Previously, he served as Minister of Finance from 2010 to 2013 after succeeding former minister Sri Mulyani Indrawati, who resigned from the office and took position as Managing Director of the World Bank Group.
Early career
Agus was born in Amsterdam, Netherlands. After graduating from University of Indonesia's Faculty of Economics in 1984, he became an international loan officer at the Indonesian branch of Bank of America. Agus has a long career as one of top bankers in Indonesia. He was the Chief Executive Officer of Bank Mandiri, the largest bank in Indonesia, between 2005 and 2010. He was the President Director of Bank Bumiputera (1995–1998) and President Director of Bank Ekspor Impor Indonesia (1998–1999).{{Cite news
| title = Martowardojo, Agus : Brief Biography
| publisher = Reuters
| url = https://www.reuters.com/finance/stocks/officerProfile?symbol=BMRI.JK&officerId=619900 }}
His performance as head of Bank Mandiri was considered successful, as he slashed non-performing loans and raised the bank's profile among international investors. He also increased profits in the banks. In 2008 for example, the bank paid $418m in dividends to the shareholders.{{Cite web
| title = Mandiri to pay out $418m in dividends
| publisher = The Jakarta Post
| date = May 30, 2008
| url = http://www.thejakartapost.com/news/2008/05/30/mandiri-pay-out-418m-dividends.html}} He was also instrumental in helping the Finance Ministry in recovering Rp 1.23 trillion (US$133.15 million) of state money from Tommy Soeharto, son of late former president Soeharto.{{Cite web
|last=Suharmoko
|first=Aditya
|title=Govt recovers Tommy's money
|publisher=The Jakarta Post
|date=August 29, 2008
|url=http://www.thejakartapost.com/news/2008/08/29/govt-recovers-tommy039s-money.html
|url-status=dead
|archiveurl=https://web.archive.org/web/20090819160657/http://www.thejakartapost.com/news/2008/08/29/govt-recovers-tommy039s-money.html
|archivedate=August 19, 2009
}}
Minister of Finance
Following the resignation of Sri Mulyani, Agus was appointed as Finance Minister in the Second United Indonesia Cabinet.{{Cite web
| title = Agus Martowardojo: Dedicated to work
| publisher = The Jakarta Post
| date = May 24, 2010
| url = http://www.thejakartapost.com/news/2010/05/24/agus-dermawan-wintarto-martowardojo-dedicated-work.html
| accessdate = February 22, 2011}}{{Cite web
|title=President names Agus Martowardojo new finance minister
|publisher=The Jakarta Post
|date=May 24, 2010
|url=http://www.thejakartapost.com/news/2010/05/19/president-names-agus-martowardoyo-new-fm-minister.html
|accessdate=February 22, 2011
|url-status=dead
|archiveurl=https://web.archive.org/web/20110305234519/http://www.thejakartapost.com/news/2010/05/19/president-names-agus-martowardoyo-new-fm-minister.html
|archivedate=March 5, 2011
}} His selection was greeted positively by analysts as he was considered to have managerial skills required for the position. He also has wide international experience and has represented Indonesia in G20 forums.{{Cite web
|title=Agus has the managerial skill as finance minister, analysts say
|publisher=The Jakarta Post
|date=May 19, 2010
|url=http://www.thejakartapost.com/news/2010/05/19/agus-has-managerial-skill-fm-analysts-say.html
|accessdate=February 22, 2011
|url-status=dead
|archiveurl=https://web.archive.org/web/20111007023620/http://www.thejakartapost.com/news/2010/05/19/agus-has-managerial-skill-fm-analysts-say.html
|archivedate=October 7, 2011
}}
In March 2011 he announced his first fiscal policy as Finance Minister with a focus on promoting real sector growth and investment intended to spur Indonesia’s economic growth. Highlights of the new regulations included removing the value added tax (VAT) for the sale of houses worth less than Rp 70 million (US$7,910) compared with the previous Rp 55 million; eliminating taxes on the sales of cooking oil and bulk cooking oil for the poor; and providing in advance 50 percent of the funds needed by the State Logistics Agency (Bulog) for the rice for the poor program.{{Cite web
| title =Govt unveils new fiscal policies
| publisher = The Jakarta Post
| date = March 1, 2011
| url = http://www.thejakartapost.com/news/2011/03/01/govt-unveils-new-fiscal-policies.html
| accessdate = March 12, 2011}}
Governor of Bank Indonesia
In 2008, following resignation of Boediono as Governor of Bank Indonesia to run as Vice President of Indonesia as the running mate of Susilo Bambang Yudhoyono, Agus was nominated as one of candidates for Governor.{{Cite web
| last = Suharmoko
| first = Aditya
| title = SBY's pick of BI gov candidates seen as surprising but positive
| publisher = The Jakarta Post
| date = February 18, 2008
| url = http://www.thejakartapost.com/news/2008/02/18/sby039s-pick-bi-gov-candidates-seen-surprising-positive.html }} However his nomination was rejected by the national Legislature, apparently for political reasons.{{Cite news
| title = PROFILE-Indonesia's Finance Minister Agus Martowardojo
| publisher = Reuters
| url = https://www.reuters.com/article/indonesia-finmin-idUSFINMINID20110223
| accessdate = February 22, 2011
| date=February 23, 2011}}
On 22 February 2013, President Susilo Bambang Yudhoyono surprisingly named Agus as his sole candidate for the governorship, replacing Darmin Nasution. On 27 March 2013, the Indonesian House of Representatives' Finance Commission confirmed Agus as governor of Bank Indonesia for the period of 2013–2018. Agus won 46 votes of support and seven votes against. One member abstained from the vote.
Notes
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References
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{{Succession box| before = Darmin Nasution | title = Governor of Bank Indonesia | years = 2013–2018 | after = Perry Warjiyo}}
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{{Succession box| before = Sri Mulyani | title = Minister of Finance | years = 2010–2013 | after = Chatib Basri }}
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{{Ministers of Finance of Indonesia}}
{{Governors of Bank Indonesia}}
{{authority control}}
{{DEFAULTSORT:Martowardojo, Agus}}
Category:Ministers of finance of Indonesia
Category:Governors of Bank Indonesia