REPUBLIKA.CO.ID, JAKARTA -- The appointment of Sri Mulyani Indrawati as finance minister would boost market confidence, according to Director of the Institute for Development of Economics and Finance (Indef) Enny Sri Hartati.

"Sri Mulyani's appointment is believed to have a positive impact on the market," Hartati stated here on Wednesday.

Hartati remarked that her capability and track record had become great assets and a strong capital in President Joko Widodo's cabinet in an attempt to increase market confidence and to consolidate the nation's fiscal position.

Hartati stated that the rising market confidence should be balanced with structural and institutional transformation by the Indonesian government.