Indonesia's Finance Chief Steers Clear of Prabowo Turf Wars

Indonesia's new finance chief has signaled he'll stay in his lane, letting the central bank and the Danantara sovereign wealth fund handle their own mandates. This approach is a bid to restore investor confidence in President Prabowo Subianto's broad economic policy. The move comes amid concerns about policy coordination and potential conflicts, with the finance chief emphasizing fiscal discipline. Investors have been wary of Indonesia's economic direction, and this hands-off stance may help alleviate some fears. However, questions remain about how effectively the various institutions will work together to achieve growth targets without overstepping boundaries.