Indonesian House of Representatives appointed Destry Damayanti as Senior Deputy Governor of Bank Indonesia - Photo: Privacy.

JAKARTA (TheInsiderStories) – Indonesian House of Representatives appointed Destry Damayanti as Senior Deputy Governor of Bank Indonesia, said Member of the House of Representatives Commission XI Amir Uskara in Jakarta on Thursday (7/11).

Uskara revealed this decision was taken after conducting a fit and proper test and asking for consideration from various parties. “Damayanti was decided to become a senior deputy governor by acclamation. This means that all factions support, no one refuses,” he said.

Furthermore, Commission XI will bring the results to the plenary session to obtain approval from all members of the House of Representative. Then the results will be submitted to the president.

By becoming a senior deputy governor of Bank Indonesia (BI), there are at least five main focuses that will be undertaken by Damayanti. The focuses are ranging from the policy mix to the development of the payment system.

Damayanti is the sole candidate for the senior BI deputy governor that President Joko Widodo submitted to the house of representative. Damayanti replaces the current senior deputy governor, Mirza Adityaswara, whose term ends on July 2019.

Damayanti has also been involved in the national financial industry. She was once the Chief Economist of Bank Mandiri, Chief Economist of Mandiri Sekuritas, Executive Director of Mandiri Institute. to the Chair of the Corruption Eradication Commission’s Chairperson of the Selection Committee.

Damayanti also served as Chair of the Economic Task Force of the Ministry of State-Owned Enterprises in the 2014-2015 period. She was appointed as Member of the Deposit Insurance Agency Board of Commissioners on September 24, 2015.

Damayanti revealed two strategic plans that she would run after being elected. He said these steps when undergoing a series of fit and proper tests in parliament.

The first strategy is to optimize the policy mix that is accommodative. The mix of macroprudential monetary policies and other policies is needed to maintain financial system stability. At the same time also to encourage economic growth by paying attention and adjusting to the dynamics of the business and financial cycles that occur.

The second step, namely deepening financial markets. According to her, the deepening of the financial sector is very important not only to support the occurrence of economic stability. But also to support the financing of economic development. The limited sources of government and domestic funds have caused the use of financial resources from the private sector and abroad to be very important.

Together with the Ministry of Finance and the Financial Services Authority, BI must continue to innovate and support the formation of new financing sources, through schemes of government cooperation and business entities, and the issuance of various new financial instruments, such as project bonds and asset securitization, he concluded.

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