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Indonesia’s President Widodo reshuffles cabinet to boost slowing economy

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Widodo was inaugurated in October after winning power on a pledge to boost  Southeast Asia’s biggest economy, which has been slowing in recent years. Photo: Reuters
Agence France-Presse

Indonesian President Joko Widodo replaced key economic ministers in a cabinet reshuffle Wednesday less than a year into his term, after facing criticism for failing to revive growth.

 Former central bank governor Darmin Nasution was named to the important post of chief economics minister, while prominent private equity executive Thomas Lembong was appointed the new trade minister.

 Four other ministers, including the security minister and maritime affairs minister, were also replaced.

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 The reshuffle was announced at the presidential palace in Jakarta, where the new ministers took an oath.

 Widodo, widely known as Jokowi, was inaugurated in October after winning power on a pledge to boost Southeast Asia’s biggest economy, which has been slowing in recent years as demand for its key commodities exports decline.

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 But growth has continued to slide, falling to a six-year low of 4.67 percent in the second quarter, and the government has been criticised for a series of policy flip-flops and a lack of organisation.

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