Former trade minister Mari Elka Pangestu and former finance minister Muhammad Chatib Basri are among the economic advisors to the council.
officially assembled a team of economic advisers known as the National Economic Council , with his former military colleague Luhut Pandjaitan as its head. The eight-member council, which is part of Mr Prabowo’s expanded administration, is also staffed with notable figures, including former trade and finance ministers, a former investment banker and economic experts.
The DEN, which existed briefly under president Abdurrahman Wahid from 1999 until 2001, will play a key role in giving advice and recommendations directly to the President on wide-ranging strategic policies and to monitor policy implementations.and his plans include investor-friendly and tourist-centric policies. The President, who was inaugurated on Oct 20 for a five-year term, has set an ambitious annual economic growth target of 8 per cent by his third year in office.
Both Mr Prabowo and Mr Luhut were in the army’s special elite forces called Kopassus and were on the same assignment several times. They graduated from the same military school in Magelang, Central Java, in 1974 and 1970, respectively. Mr Prabowo’s Cabinet is the largest in recent history, with the team reflecting his aim to prioritise policy continuity and political stability.
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