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Ali Wardhana, architect of New Order economy, laid to rest
In memoriam: Former finance minister Ali Wardhana passed away at the age of 87 in Jakarta on Monday afternoon
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In memoriam: Former finance minister Ali Wardhana passed away at the age of 87 in Jakarta on Monday afternoon. The architect of the New Orderâs economic development was buried at public cemetery (TPU) Tanah Kusir in South Jakarta on Tuesday, with a military burial ceremony. (Courtesy of Tempo) (TPU) Tanah Kusir in South Jakarta on Tuesday, with a military burial ceremony. (Courtesy of Tempo)
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span class="caption">In memoriam: Former finance minister Ali Wardhana passed away at the age of 87 in Jakarta on Monday afternoon. The architect of the New Order's economic development was buried at public cemetery (TPU) Tanah Kusir in South Jakarta on Tuesday, with a military burial ceremony. (Courtesy of Tempo)
Vice President Jusuf Kalla led a ceremony to dispatch the body of former Finance Minister Ali Wardhana to public cemetery (TPU) Tanah Kusir in South Jakarta from his family's home on Jl. Patra Kuningan XV No. 6, South Jakarta, on Tuesday.
The body of the New Order's economic development architect was sent to its final resting place at 9:30 a.m., with a military burial ceremony and final honors from Kalla and several other distinguished guests. Former president B.J. Habibie and Bank Indonesia (BI) governor Agus Martowardojo were among the state officials who paid a visit. Earlier, Administrative and Bureaucratic Reform Minister Yuddy Chrisnandi and businessman Hashim Djojohadikusumo were also seen paying their final respects to the distinguished economist.
Ali Wardana died due to an illness at 3:30 p.m. on Monday in Jakarta at the age of 87. Born in Surakarta, Central Java, on May 6, 1928, the economic expert served as finance minister for the period of 1968-1983 and coordinating economic, industry and development oversight minister for 1983-1988. Ali Wardhana was one of president Soeharto's main economic advisers during the New Order era.
Ali Wardhana was praised for his role as finance minister, as he successfully to save Indonesia's economy, which was on the brink of collapse, by reducing the country's inflation rate from 650 percent to 10 percent through his concept of a 'balanced budget', within only three years after he took his ministerial position in 1968.
After obtaining his bachelor's degree from the University of Indonesia's School of Economics in 1958, Ali Wardhana continued studying at the University of California Berkeley where he obtained his doctoral degree in 1962.
Ali Wardhana was awarded with Bintang Mahaputera Adiprana Class II from the Indonesian government and Satyalencana Dwidja Sistha from the Defense and Security Minister. He received a Grootkruis Leopold II medal from the Belgium King and Grootkruis in de Orde van Oranje-Nassau from Queen Juliana of the Netherlands. (ebf)(++++)
