July 27, 2016 / 4:51 AM / in a year

Indonesia's president appoints World Bank's Sri Mulyani as finance minister

JAKARTA (Reuters) - Indonesia’s president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country’s new finance minister, among a wider cabinet reshuffle aimed at increasing the effectiveness of his team.

World Bank Managing Director Sri Mulyani Indrawati makes a speech at the International Conference on the Future of Asia in Tokyo May 24, 2013. REUTERS/Toru Hanai/File Photo

Former Indonesian army general Wiranto will replace Luhut Pandjaitan as the chief security minister. The trade, energy and industry ministers are also among those who will be replaced.

Sri Mulyani served as finance minister under the former president, Susilo Bambang Yudhoyono.

The new cabinet, which will be inaugurated later on Wednesday, will include at least one member of Indonesia’s second-largest political party, Golkar.

Reporting by Gayatri Suroyo and Jakarta bureau; Writing by Eveline Danubrata; Editing by Richard Borsuk

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