Prabowo nominates nephew to Bank Indonesia board amid independence fears

South China Morning PostCenter-RightEN 1 min read 100% complete by ReutersJanuary 19, 2026 at 08:32 AM

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Indonesian President Prabowo Subianto has nominated his nephew, Thomas Djiwandono, a deputy finance minister, to the board of governors of Bank Indonesia (BI). The nomination has raised concerns among investors about the central bank's independence. These concerns stem from Prabowo's ambitious economic growth targets and a recent burden-sharing deal between BI and the government to fund certain programs. Djiwandono, a former businessman, will undergo a fit-and-proper test by parliament to potentially replace current board member Juda Agung. The nomination comes as the government seeks greater support from BI to achieve its economic goals.

Key Entities & Roles

Key Player Opposition Context

Juda Agung 40% Southeast Asia 40% Thomas Djiwandono ×370% Indonesia 70% Bank Indonesia (BI) ×380% Prabowo Subianto ×290%

Keywords

central bank independence 90% bank indonesia 80% prabowo subianto 70% monetary policy 70% economic growth 70% nepotism 60% board of governors 60% thomas djiwandono 60% burden-sharing deal 50% government programs 50%