The World Bank/IMF Development Committee today announced that Mr. Bambang Permadi Soemantri Brodjonegoro, Minister of Finance of the Republic of Indonesia, has been selected as its new Chairman. He replaces Mr. Marek Belka, President of the National Bank of Poland, after the Committee meeting on October 10th.
Minister Brodjonegoro has a distinguished record of service and achievement both at home and on the international scene. Minister Bambang, received his bachelor’s degree majoring in Economic Development and Regional Economy from Faculty of Economics, Universitas Indonesia in 1990. He continued his master degree in University of Illinois at Urbana-Champaign, United States and graduated in 1995. In 1997, he earned his Ph.D from the same university. He served as a distinguished guest lecturer in the Department of Urban and Regional Planning, University of Illinois at Urbana-Champaign, United States in November 2002, following which he assumed the position of the Dean of Faculty of Economics, Universitas Indonesia during 2005 – 2009 and Director General Islamic Research and Training Institute, Islamic Development Bank up to 2010. Starting on October 1st, 2013, Minister Bambang served as the Vice Minister of Finance II while serving as the Professor of Economics of Faculty of Economics, Universitas Indonesia. On October 27th, 2014, President Joko Widodo inaugurated Bambang P. S. Brodjonegoro as the Minister of Finance in his Working Cabinet for the period 2014-2019.
The Development Committee’s 25 members—mostly Finance or Development ministers—represent the full 188 country membership of the Bank and the Fund. The Committee’s mandate is to advise the Boards of Governors of the Bank and Fund on critical development issues.