JAKARTA: An Indonesian parliamentary committee overseeing the drafting of a central bank law amendment yesterday heard recommendations from experts who called for the expansion of Bank Indonesia’s (BI) mandate, but insisted it must remain independent.
Anggito Abimanyu, a former finance ministry official who runs Indonesia’s multi-billion dollar haj fund, Piter Abdullah, an economist and former BI employee, and Islamic finance academic Abdul Qoyum suggested BI take on the task of overseeing economic growth on top of managing the value of the rupiah.