Sri Mulyani Indrawati
Sri Mulyani Indrawati
Sri Mulyani Indrawatiis an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. In June 2010 she was appointed as Managing Director of the World Bank Group and resigned as Minister of Finance. On July 27, 2016, Sri Mulyani was reappointed as Minister of Finance in a cabinet reshuffle by President Joko Widodo, replacing Bambang Permadi Soemantri Brodjonegoro...
NationalityIndonesian
ProfessionEconomist
Date of Birth26 August 1962
CountryIndonesia
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We won't be able to stop disasters from happening. On the contrary, climate change may increase the frequency and severity of floods, droughts and storms. But we are better equipped today to prepare for them and reduce their impact.
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Revolutions and their aftermaths, of course, are always fluid and fickle times, and the outcome is often perched on a knife's edge.
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Like many countries, Indonesia can transform its decision-making system to be more transparent and inclusive, particularly on resource allocation and use.
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I think the implications for the rise of China are huge in terms of the political landscape, economic balance, de-velopment thinking, and the environment.
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Conflicting legislation and regulations, overlapping mandates, unwillingness to enforce land use, elite capture, entrenched attitudes, and lack of incentives to influence behavior are rife in many resource-rich countries.
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Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year.
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It is rarely the quick fix that goes the farthest. So don't get tempted by political cycles and the lure of electoral wins.
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Changing much-cherished bank secrecy laws is worth the effort. Corruption, tax evasion, and the capture of natural resource revenues undermine the rule of law, weaken the social fabric, erode citizens' trust in institutions, fuel conflict and insecurity, and hamper job creation.
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Asia can learn much from Europe. Trade could be made easier in Asia, and the conditions for doing business could be improved by reducing red tape. In this regard, Hong Kong, Singapore and South Korea have done better than the best in Europe.
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Do what is best for most people, not just a few. Prevent your elites and growing middle class, those who often benefit most from growth and development, from turning into a special interests group that blocks reforms.
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Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care.
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Everyone with all those good intentions came to help Indonesia rebuild from the tsunami; but the co-ordination problem was very big, because they came with their own way of doing business; they came with the inflexibility of their own governance.
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If Indonesia improves governance of the fisheries sector and invests in large-scale maritime transport, it can double fish production by 2019.
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I remember my first meeting with my management team when I became Indonesia's Minister of Finance. I was the youngest person and the first woman ever to hold that job. Everybody else in the room was male. I knew then that I had to work harder than any man to prove to them that I was capable.