Bank Indonesia Official to Become IMF Executive Director

The headquarters of Bank Indonesia, Indonesia's central bank, is seen here in Jakarta, Indonesia in this March 4, 2010 file photo. Bank Indonesia official Wimboh Santoso, has been appointed a new executive director at the International Monetary Fund.(Bloomberg Photo/Dimas Ardian)

The headquarters of Bank Indonesia, Indonesia’s central bank, is seen here in Jakarta, Indonesia in this March 4, 2010 file photo. Bank Indonesia official Wimboh Santoso, has been appointed a new executive director at the International Monetary Fund.(Bloomberg Photo/Dimas Ardian)

An official with Indonesia’s central bank, Wimboh Santoso, has been appointed a new executive director at the International Monetary Fund.

Wimboh currently serves as Bank Indonesia’s chief representative officer in New York.

“Pak Wimboh will become the IMF’s executive director for the Southeast Asia [voting] group,” BI director for strategic planning and public relations Difi Ahmad Johansyah told journalists on Friday in Jakarta.

“Pak Wimboh will be based at the IMF headquarters in Washington DC, starting from April 2013,” he added.

The position at the IMF was held in 2009 by Perry Warjiyo, who was recently elected to become a new deputy governor at BI. The position was also previously occupied by World Bank managing director Sri Mulyani Indrawati from 2002 to 2004, before she left it to become Indonesia’s finance minister in 2005.

Wimboh was BI’s executive director for banking research and regulation before he departed for New York in March 2012.

He has been noted for issuing the regulation on the prime lending rate for the Indonesian banking sector, which took effect in March 2011 and has since led to the decrease of interest rates at Indonesian banks.

Investor Daily, JG