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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New leaders must also expect and manage setbacks. In post-revolutionary times, expectations are high, and the obstacles to meeting them are enormous.
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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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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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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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We know we cannot achieve our twin goals of ending poverty and boosting shared prosperity without ending poverty and creating equality for women and girls.
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Over time, Europeans have come to rely on governments to protect them from the rougher facets of private enterprise and to look after them in old age.
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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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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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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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Paternalistic regulations often prohibit women from holding jobs in certain industries: In the Russian Federation, women cannot drive trucks in the agriculture sector; in Belarus, they cannot be carpenters; in Kazakhstan, they cannot be welders.
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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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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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If managed well, urbanization can create enormous opportunities: allowing innovation and new ideas to emerge, saving energy, land and natural resources, managing climate and the risk of disasters.
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In the 1990s, I was among those Indonesians who demanded and celebrated the departure of our own autocrat, Suharto, and I joined the new government when he left.