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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While prosperity and longevity arrive together, they cannot be treated the same. With greater wealth, people in Asia may not have to work as many hours as they do now. But living longer means they will have to work more years, not fewer.
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When millions of dollars and thousands of humanitarian workers poured into Indonesia, we quickly faced the challenge of coordinating our own bureaucracy with the multitudes of approaches and priorities the donor community wanted to pursue.
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Women are often paid far less than men, while they also perform most of the world's unpaid care work.
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Sometimes our definitions fall short. Take, for example, the way we view income and labor. It simply doesn't cover enough of the work that women, and in particular poor women, are doing - especially in their own households and the vast 'informal' economy in which most of the world's poorest people work.
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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.
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In many countries, laws still work to women's disadvantage - for example, by requiring married women to obtain their husbands' permission to register a business, own property, or work.
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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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When we rebuild a house, we are rebuilding a home. When we recover from disaster, we are rebuilding lives and livelihoods.
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If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.
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Between 1995 and 2009, Western Europe's entrepreneurs created jobs faster than the U.S. did, and European economies exported more than the BRIC countries of Brazil, Russia, India and China. Eastern Europe's productivity increased more rapidly than East Asia's.
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Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.
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At the World Bank, we are already working with our clients in developing countries to improve their governance systems, collect taxes, fight corruption, and recover stolen assets.
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Urbanization has relied on land conversion and land financing, which is causing urban sprawl and, on occasion, ghost towns and waste.
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When both women and men contribute to a country's economic life on an equal basis, they help building stronger societies and stronger economies.