Minister of Finance of Republic of Indonesia
Born in Tanjung Karang, Lampung on August 26, 1962, Sri Mulyani Indrawati completed her education and earned a Bachelor of Economics from the University of Indonesia (1986). She continued her education at the University of Illinois at Urbana Champaign, United States of America and earned a Master of Science of Policy Economics (1990). After that she earned her Ph.D. in Economics (1992).
Sri Mulyani is a specialist in public finance, fiscal policy and labor economics research, and was elected as Executive Director of the International Monetary Fund (IMF) representing 12 countries in Southeast Asia (South East Asia/SEA Group) since 1 November 2002. On 21 October 2004, she received her first assignment in the Cabinet as Minister of State for National Development Planning/Head of the National Development Planning Agency. On December 5 2005, she was appointed Minister of Finance. During her time as Minister of Finance, Sri Mulyani Indrawati had many achievements, including stabilizing the economy, maintaining prudent fiscal policies, reducing borrowing costs, managing debt as well as giving investors confidence.
Sri Mulyani led the reform of the Ministry of Finance, making many fundamental changes. She was named Asia's best Finance Minister for 2006 by the Emerging Markets Forum on 18 September 2006 at the IMF-World Bank Group Annual Meetings in Singapore. She was also chosen as the 23rd most influential woman in the world by Forbes magazine in 2008 and the 2nd most influential woman in Indonesia by Globe Asia magazine in October 2007. Sri Mulyani was also ranked the best Minister of Finance for 2006 in the Euromoney magazine. In 2008, she served as Acting Coordinating Minister for the Economy after the Coordinating Minister for the Economy Dr. Boediono was sworn in as Governor of Bank Indonesia. Then on June 1, 2010 Sri Mulyani Indrawati became Managing Director of the World Bank. On July 27 2016, she was appointed by President Joko Widodo to become Minister of Finance again in the Working Cabinet.
In February 2018, Sri Mulyani Indrawati was re-elected as "Best Minister in the World" at the World Government Summit in Dubai. In the same year in October 2018, Global Markets chose her as "Finance Minister of the Year - East Asia Pacific". This title was awarded during the IMF-World Bank Group Annual Meetings in Bali. In 2019, Sri Mulyani was again named the best finance minister in Asia Pacific according to the financial magazine FinanceAsia. This award was obtained three years in a row after previously being obtained in 2017 and 2018.
In social organizations, she serves as Co-Chair of the Pathways for Prosperity Commission on Technology and Inclusive Development with Melinda Gates, and is also Co-Chair of the World Economic Forum on ASEAN, and sits on the Board of UNICEF's Generation Unlimited Initiative. In August 2019, she was elected as Chair of the Association of Indonesian Islamic Economic Experts for the 2019-2023 period.
On October 23 2019, Sri Mulyani Indrawati was re-elected to serve as Minister of Finance in the second term of President Joko Widodo's administration. This position is Sri Mulyani's fourth position as Minister of Finance in a different cabinet. In October 2020, Global Markets named her as "Finance Minister of the Year - East Asia Pacific”, an award for efforts to handle the Covid-19 pandemic in Indonesia.
