Power Issue 2012 Jo Lee - JO LEE Magazine

EXCLUSIVE
Sri Mulyani Indrawati
World Bank
Managing Director
By Susan Berger
Marketing Editor / Special Assignment
New York / San Francisco / Hong Kong / London / Tokyo / Rome / Toronto
Sri Mulyani Indrawati was given position number 65
in Forbes’ 2011 list of “The World’s 100 Most Powerful
Women”, the only Indonesian to appear on the list. This
represented the third time Forbes has included her in its list.
Born in Tanjung Karang, Lampung, Indonesia, Ms.
Indrawati holds a B.A. in Economics from the University
of Indonesia and a Ph.D. in Economics from the University
of Illinois. She worked in Atlanta for the U.S. Agency
for International Development, advising on its loans and
investments in Indonesia. She then moved to Washington,
D.C., where she was named Executive Director of the
International Monetary Fund, representing the Southeast
Asian countries. In 2005, Ms. Indrawati was appointed
Indonesia’s Minister of Finance. In this role, she cut the
country’s debt in half, increased the foreign exchange
reserves to an all time high of $50 billion and was
responsible for turning around Indonesia’s corrupt tax
administration, which led to an increase in tax revenues.
As one of three Managing Directors at the World Bank, Ms.
Indrawati oversees programs in Latin America, East Asia, the
Caribbean, the Middle East and North Africa.
Ms. Indrawati has received many awards, including
Euromoney Magazine’s “Global Finance Minister of the
Year” and Emerging Markets’ “Best Finance Minister in
Asia”.
JL
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