Jakarta – The Union of Independent People (SRI) Party, which plans to nominate former finance minister Sri Mulyani Indrawati in the 2014 presidential election, will register itself on Wednesday at the Law and Human Rights Ministry.

Arbi Sanit, one of the founders of the party, said SRI executives would arrive at the Law and Human Rights Ministry in Jakarta at around 2 p.m. "We will officially register the party today," Arbi said Wednesday morning, as quoted by tempointeraktif.com.

He added that the party already had representative offices in each of Indonesia's 33 provinces. "We also have taken an informal approach to Sri Mulyani. I think Sri has no objection to us using her name for the party," Arbi said.

He said the party had received no foreign funds and had relied on its members' contributions. "I don't know whether Sri Mulyani will contribute or not," Arbi said.

Arbi said the party would nominate and support Sri Mulyani, presently a World Bank managing director, to become the next Indonesian president.

The party says it believes in Sri Mulyani's managerial ability to run the country, despite calls from her critics for her to be punished for her role in the Bank Century bailout in 2009. "[The Bank] Century [bailout] is a political case," Arbi said.

Mulyani served as finance minister when the government was found to have spent Rp 6.76 trillion (US$716 million), around 10 times the estimated amount, to save the then ailing Bank Century, which has now been renamed Bank Mutiara.