🇮🇩 Prabowo Subianto
Indonesia vice-president resigns as Jokowi backs Prabowo
What happened
Indonesia's vice president resigned and handed in his resignation to parliament's upper house, ending days of speculation about his political future. The resignation followed a push by lawmakers for his impeachment on grounds of inadequate educational credentials. The upper house will now hold a session to declare a vacancy and send the president a letter seeking the names of two replacement candidates. An upper house election will follow within 60 days.
Why it matters
The resignation could impact the political stability of Indonesia's government, which is already facing scrutiny over its fiscal plans and policy direction, and has weakened investor sentiment. The government is battling scandals over signature political programmes and doubts about its ability to manage the country's economy. The situation may have implications for the country's stock market and currency.
Key facts
- Indonesia's vice president resigned from office
- The resignation followed a push by lawmakers for impeachment on grounds of inadequate educational credentials
- An upper house election will be held within 60 days to fill the vacancy
- The government is facing scrutiny over its fiscal plans and policy direction
- Indonesia's stock market and currency have weakened due to political turmoil
Topics
Publisher evidence used
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