Member of the DPR from the Gerindra Faction, Azis Subekti, asked that the selection process for the new Governor of the Bank Indonesia be carried out transparently and prioritize professional figures who are able to maintain the independence of the central bank.
This statement was made by Azis following Perry Warjiyo's resignation from the position of Governor of BI. The government stated that Perry resigned for personal reasons.
For the time being, the duties of the Governor of BI are carried out by Senior Deputy Governor Destry Damayanti until the definitive governor is determined. President Prabowo Subianto has not determined the successor to Perry.
"The change of the Governor of BI should not create new uncertainties. The government and Bank Indonesia need to provide certainty that independence, professionalism, and policy continuity are maintained," said Azis Subekti, Monday, July 27.
Perry's resignation has attracted the attention of market participants because it occurred when Indonesia was still facing pressure on the exchange rate and global economic uncertainty. A number of analysts assess that the determination of Perry's replacement will be an important factor for the credibility of monetary policy and investor confidence
Azis said that the figure chosen as the definitive Governor of BI must be able to maintain inflation, the rupiah exchange rate, the payment system, and the stability of the financial system.
In addition, said Azis, BI's policy must create conditions that support financing for productive sectors, investment, value-added industries, and job expansion.
"Stability must not stop at economic indicators. Stability must be the foundation for the business world to dare to invest, industries to grow, MSMEs to rise in class, and the public to get job opportunities," said Azis.
Azis emphasized that this orientation does not mean that BI must become a development institution or be under the control of government policies. According to him, BI's independence must still be maintained to maintain the credibility of monetary policy.
"Bank Indonesia must not be subordinated to short-term political interests. However, independence also does not mean that every state institution works alone without understanding the challenges of national development," he said.
The Gerindra legislator from the Central Java VI District also proposed strengthening the orchestration of policies between Bank Indonesia, the government, the Financial Services Authority, technical ministries, local governments, and the business world.
In the orchestration, said Azis, each institution continues to carry out its respective authority. The government manages fiscal policy and the real sector, while BI maintains stability through monetary, macroprudential, financial market, and payment system policies.
Azis emphasized that Indonesia is implementing a number of transformation agendas, such as downstreaming, food and energy security, digitization, strengthening rural economies, and improving the quality of human resources.
The agenda, according to him, requires a stable economic policy that is also able to encourage productivity.
"The success of the next Governor of the Bank Indonesia is not only measured by low inflation or stable rupiah. His leadership must also be judged by his ability to maintain trust and expand space for productive economic activities," concluded the member of Commission II of the DPR.
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