Finance Leadership Reshuffle Caps Eventful Week at Ministry and BI

JAKARTA, Investortrust.id — Masyita Crystallin leaves the Finance Ministry and assumes her new post at PT Danantara Investment Management on Tuesday, Feb 11, 2026 in Jakarta, capping a week of high-level leadership changes that reshaped Indonesia’s fiscal and monetary policy landscape as the government seeks tighter coordination and stronger economic governance.

Her move followed a series of appointments linking the Finance Ministry and Bank Indonesia in a rare cross-institutional rotation.

The Finance Ministry announced that Masyita would serve as Head of Economic and ESG Strategic Positioning at Danantara, reinforcing integration between macroeconomic policy direction and long-term investment strategy.

"With her extensive experience in macro-finance, financial system stability, and sustainable financial sector policy development, Masyita Crystallin is expected to strengthen the integration between economic policy direction, ESG principles, and long-term investment strategy," ministry spokesperson Deni Surjantoro said.

Days earlier, Thomas Djiwandono was officially sworn in as Deputy Governor of Bank Indonesia for the 2026–2031 term.

The inauguration, conducted at the Supreme Court building in Jakarta, formalized a presidential decree issued on Feb 3, 2026.

"I promise that I will carry out the duties and obligations of Deputy Governor of Bank Indonesia to the best of my ability and with full responsibility. I pledge loyalty to the state, the constitution, and the national direction," Thomas said during the oath-taking ceremony.

He replaced Juda Agung, who stepped down from his BI post after being appointed Deputy Finance Minister by President Prabowo Subianto on Thursday, Feb 5, 2026 at the State Palace.

"I swear by God, I pledge, that I will remain faithful to the 1945 Constitution and carry out all laws and regulations properly in devotion to the nation and state," Prabowo recited, followed by Juda Agung during the swearing-in.

Juda later explained his resignation from BI was necessary due to the separation of authorities between the central bank and the fiscal authority.

"The reason for my resignation is clear, because I was assigned as Deputy Finance Minister. Of course it is not possible to hold two positions across two different authorities," Juda said.

He emphasized that closer fiscal and monetary coordination was essential to drive economic growth.

"To push economic growth and achieve government programs, coordination between fiscal policy, monetary policy, and the real sector is necessary. This will make our efforts more effective," he said.

The rapid succession of appointments signaled an effort to tighten policy alignment at a time when Indonesia targets stronger growth and financial sector reform.

With Masyita moving into a strategic investment role, Thomas entering the central bank leadership, and Juda returning to the fiscal authority, the government appeared to be reinforcing institutional bridges between monetary stability, fiscal expansion, and long-term investment strategy.