Biography of Sri Mulyani~World Bank President

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Sri Mulyani
Sri Mulyani Indrawati was born in Bandar Lampung, Lampung, August 26, 1962 is a strong candidate for President of the World Bank, which currently serves as Executive Director of the World Bank. Previously, he served as Minister of Finance of the United Indonesia Cabinet. Once, he was based in the Office of the World Bank, he was practically left his post as finance minister. He was an intelligent man in the field of economy.

His career as a finance minister Yudhoyono during leadership began when he replaced the previous finance minister Jusuf Anwar. Prior to his finance minister, he served as Minister of State for National Development Planning / Head of Bappenas of the United Indonesia Cabinet. Sri Mulyani was formerly known as an economic analyst in Indonesia.

He served as Head of the Institute for Economic and Social Faculty of Economics, University of Indonesia (UI LPEM) since June 1998. His career history in the moments before serving as finance minister is also quite brilliant. He has been named as the best Finance Minister of Asia for 2006 by the Emerging Markets on 18 September 2006 at the sidelines of the Annual Session of the World Bank and IMF in Singapore. He was also named the most influential woman in the world to-23 according to Forbes magazine in 2008 and the most powerful women in Indonesia 2nd Globe Asia magazine in October 2007.

He was excellent, intelligent, beautiful and popular. Critical analysis, straightforward and clear. Its action has been tested in the bureaucracy and international institutions. Less than four years, three bears ministerial posts, having previously been a consultant in USAid and Executive Director of the IMF. He has the potential of women and youth leaders to be president.

Three ministers who assumed office for the first time that female-headed households. Starting from the Ministry of National Development Planning / Head of Bappenas, the Ministry of Finance and Acting Minister for Economic Affairs of United Indonesia Cabinet. President appointed him as executor task replaces the Coordinating Minister for Economy Boediono who was elected Governor of Bank Indonesia. He concurrently served year after Finance Minister Minister of State Planning / Head of Bappenas United Indonesia Cabinet, former Executive Director of the IMF is believed to replace the Minister of Finance Yusuf Anwar in a reshuffle announced KiB inducted December 5 and December 7, 2005.

Previously, many times rumored to be a minister, was he even go international. But after becoming a consultant in USAid, then Executive Director of the IMF, he believed President Yudhoyono served as Minister of National Development Planning / Head of Bappenas United Indonesia Cabinet. After the handover of the position of the previous minister, Kwik Kian Gie, at Bappenas Building, Jakarta, Thursday (10/21/2004), Sri Mulyani said the reporter about her who had worked at the International Monetary Fund (IMF), an institution that many people criticized, guarantee there will be no intervention from the IMF to Indonesia's economic policy.

"I was right one, the IMF is 3,000 people. No one person can carry IMF policy. I am also one of the 34 ministers are appointed in the United Indonesia Cabinet. So, I think the program rather than on personal taste or an institution, but a joint decision, "he said. He insists that only want to work, show Bappenas functions as a container consolidation and advisory cabinet to plan the whole range of development policy. Once appointed a minister, Sri Mulyani will leave his post as Executive Director of the IMF's Asia-Pacific. About the program in the near future, Sri has not been able to tell right now because they have to consult the technical department and various other parties. According to him, there are three factors driving economic growth, namely fiscal, consumption, and investment. If you rely on fiscal policy, it seems difficult because government debt is still huge. In addition, the presence of a large subsidy allocation also makes room for growth is limited.

He stressed that the investment is absolutely necessary at this time to support Indonesia's economic growth. Indonesia can no longer expect the level of consumption and fiscal policy as a driver of economic growth. "To encourage increased investment, there is need for improvement of investment climate and infrastructure. That needs to be done if the government wants to achieve high economic growth, "said Sri Mulyani, on the other hand, the government may not rely continuous economic growth in consumption. So, he said, to spur growth by way of the real sector and the investment required of a good investment climate. "In order for it to last long, macroeconomic stability is needed," said Sri Mulyani.

Prior to his appointment as Minister for National Development Planning / Head of Bappenas United Indonesia Cabinet, he moved to Atlanta, Georgia, United States (U.S.), as a consultant in USAid since August 2001. Later, was elected Executive Director of the International Monetary Fund (IMF) representing 12 countries of Southeast Asia (South East Asia / SEA Group). He was the first woman from Indonesia's position. Sri Mulyani Indrawati, or fondly called Ma'am Ani, an economist who is beautiful, graceful, intelligent and popular. Since the second half of the 1990s, his name can be equated with the celebrity world of entertainment, often due to appear in the stages seminar or quoted in various media.

Comments and critical analysis, straightforward, clear and popular. He was the belle of the stage seminars and talk shows on television at that time. In addition to frequently appear in the seminars, the Faculty of Economics, University of Indonesia (FE-UI) was also active as adviser to the government along with several other leading economists in the container of the National Economic Council (DEN) in the administration of Abdurrahman Wahid. After Megawati became president, he was mentioned quite close to Megawati Sukarnoputri and was accompanied in a number of events. Was even rumored to be appointed to one of the important positions in the cabinet. But suddenly since August 2001, his name disappeared from circulation in the country.

What article? Apparently the child's favorite target Prof Widjojo Nitisastro long led the Institute for Economic and Community (LPEM) Faculty of Economics, UI, since the date of August 10, 2001, had moved to Atlanta, Georgia, United States (U.S.). According to his testimony, the plan has long moved to the U.S., in cooperation with the U.S. government's aid agency, USAid with the regional autonomy program for institutional strengthening in the area. Namely, S-2 provides scholarships for teaching in universities in the region of Aceh, Kalimantan, Sulawesi, Papua and Java. Programs in America are used only for one year, but extended by two years because his strength is still needed for the management consulting USAid program in the field of decentralization.

There, the mother Dewinta Illinia (13), Adwin Haryo Indrawan (10), and Luqman Indra Pambudi (6) of this Sumartono marriage with Tony, a lot of suggestions and advice on how to design S-2 program for strengthening regional universities and courses USAid others in Indonesia, especially in the economic field. In addition, he also taught about the Indonesian economy at Georgia University of macroeconomic as well as a lot of researching and writing a book. His book is not finished. The topic of the Economic Crisis and Implications on Public Debt Management. As in Indonesia, in America it is also frequently attend seminars, but more international problems than in Indonesia. Very many are invited for the seminar, such as from USINDO, USAid, University of California San Diego, IMF, World Bank's Asia Pacific Department, University of Columbia, the Netherlands, Minister of Planning, and so forth. Forgotten, so much.

The topics were varied, from economic up date, decentralization and autonomy, institutional reform, the IMF program, governance and anticorruption, the problem of conflict in Indonesia and the world, and others. Philosophy of life, he says life is only temporary. So when can he just wanted to do my best and give the best to the nation, state, religion and family. And want to enjoy a happy life, peace with oneself and the surrounding areas. In order to enjoy a useful and happy life also, he is also keen to study psychology. He admitted that he had so long been interested in psychology. Even the first to enter the faculty of psychology than economics faculty, for the pleasure of studying human behavior and nature. He was happy to psychology because it can better understand the nature and character of its own and their children. It's fun to learn how they evolve and change with age. So excited and very amazing. Meanwhile, he said, a lot of talk about the economic behavior of economic actors, such as consumers and producers, even the government.

Straightforward and intelligent personality, brought him to the association that is very broad. He liked a lot of people at home and abroad. No wonder that in early October 2002 and he was elected to the Executive Director of the International Monetary Fund (IMF) representing 12 countries in Southeast Asia (South East Asia / SEA Group), replace Dono Iskandar Djojosubroto. He became the first woman from Indonesia's position. It may be a familiar position for him because as an economist he has been a lot to deal with the IMF, IMF policy, and close to the IMF people. However, the impression which may be difficult to avoid is a new position he also seems to be no longer free to loudly criticize the policy, both government and the IMF. In connection with the new office, a fan of black, white, and pastel, which also served as an independent commissioner at Unilever Indonesia and Astra International, this should be moved from the area of ​​Dunwoody, Atlanta to the north, which became his home last year (2001-2002), to Washington DC, about 1.5 hours by plane from Atlanta.

For since 1 November 2002, his office was on the 13th floor of the building IMF headquarters in 19th Street, NW, Washington DC, Maryland, with the rank of Executive Director of the IMF. For him, this new position is a responsibility that must be carried to meet the expectations of the voters and supporters, especially the public. He was the second woman in that position, after a woman from Thailand had served before Dono Iskandar Djojosubroto. But clearly, the job is rarely held by women. In terms of age, he is considered the youngest serving Executive Director of the IMF. He will serve for a period of two years. His appointment is also unusual. It had been there some sort of agreement between Bank Indonesia (BI) and the government that the position is the right BI. As for the World Bank representative in the government's right. But this time, he was actually nominated minister. Apparently pleased BI waived his right to find the right and best to represent the interests of Indonesia in the international community, particularly the IMF.

"My nomination by the minister who is also former deputy governor would have been through the consultation and the various processes that might be considered the best introduction to the interests of Indonesia as a whole and not the interests of only one institution, let alone the interests of individuals," said the graduate economics doctorate from the University of Illinois Urbana -Champaign, USA (1990-1992) was. He assumed the task of representing the 12 member states of the SEA Group on the IMF. His job as executive director related to decision making (to execute). To determine the range of programs and the decision (action) to take the IMF. So he not only represents the interests of Indonesia. But represent the interests of member countries in the IMF institute and the relevant international forums. Executive director position gave him full authority to speak and voice their thoughts, considerations, and concerns of the countries in Southeast Asia, most of whom are still in the developing and poor conditions.

Thus he also has the authority to look at and evaluate both the economic condition of Indonesia and the mode of operation and priorities of the IMF program in the world. And have many opportunities to help improve the orientation of IMF programs in many countries and to overcome and go solve a global problem, particularly in relation to the world financial architecture, governance, and various development and construction of the necessary state institutions that wish to join the global system of risk and uncertainty. With his new position, he was forced to leave their teaching jobs and a variety of other tasks, including in private companies as a commissioner. Because the position of executive director at the IMF is a full time job and must not have another engagement that can lead to conflicts of interest.

Many people feel confident, that he would be able to carry out their duties properly in the IMF. For all this he is known to be very close to those IMF. But apart from the matter of personal closeness, she argues that more important is the proximity of the institution. According to him, institutions, the IMF has a pretty standard approach to the government that runs the program. "That personal relationship can help or burden the program, officially I think there is a standard and reference standard in assessing, evaluating and determining the IMF's attitude towards the government aid program," he said. Regarding the negative outlook that emerged and submerged in the country related to the existence and role of IMF in Indonesia, he said, "To the extent our outlook for the nation and educate our people in a stand, I think it is natural and healthy. Unhealthy if this view has implications for the international world view of the government's commitment and sincerity in accepting and economic reforms. "

While the response to the theory or the evaluation of the former World Bank economist Joseph Stiglitz about the Asian crisis and the IMF prescriptions are considered aggravating the crisis, as happened in Indonesia through the closure of 16 banks in 1998, he was better advised to read the report of the Independent Evaluation Office and the need to reflect back on the decision taken during the 1997-1998 crisis began. According to him, we should not forget how the possibilities and flexibility faced by the government and the IMF in designing and determining the program. Contractionary fiscal policy during the crisis, the IMF recommended based on the idea that the government's deteriorating condition, both politically and fiscally, so the response should be done is to make savings.

Of course this will result in economic contraction may aggravate both rich and poor layers. With these considerations, complementary policies necessary to protect the poorest and most vulnerable groups in order not to experience deterioration during the crisis. However, the fiscal expansion is clearly not without limit. So, if viewed after a measured fiscal expansion is allowed, Indonesia should begin to tighten its fiscal return for improving the sustainability of government budget conditions.

He saw the opinion Stiglitz and IMF will eventually boils down to when it is appropriate to conduct macroeconomic policy, fiscal and monetary policies, in accordance with the conditions and problems facing the economy. Subject Indonesia plans to stop the contract with the IMF in late 2003, he said that all countries want to be independent of the IMF program, because it means the country is healthy and able to walk independently and be able to gain international confidence in its economic management.

Sovereignty of the state in economic management aims to create wealth and prosperity of the nation which should be achieved with hard work, discipline, commitment and responsibility are proven and tested in the time and in various episodes, a variety of occasions and events. Technically, the economy can be seen and counted from the conditions of fiscal, monetary and balance of payments to determine whether the decision to decide the 2003 IMF program is good and right for Indonesia. However, he said, when a decision has been made politically and not through a rigorous process of technical calculation and careful, that Indonesia must work extra hard to avoid the situation that is not good in 2003. This means that from now on the government, parliament and judiciary have to work hard for our fundamental conditions in 2003 are getting stronger and better so that political decisions and realized it could happen without causing a risk to people.

Bachelor of Economics at the University of Indonesia Jakarta, Indonesia. (1981 - 1986)
Master of Science of Policy Economics at the University of Illinois Urbana Champaign, USA (1988 - 1990)
Ph.D. of Economics at the University of Illinois Urbana-Champaign, USA (1990 - 1992)

Research Specialization
Monetary Economics and Banking
Labor Economics
Work Experience
Head of Institute for Economic and Social Faculty of Economics, University of Indonesia (UI LPEM), June 1998 - Present
Resource Persons Change Sub Team Banking Law, Law Reform Team - RI Department of Justice, August 1998 s / d in March 1999.
The team organizers Consultant National Law Development Agency Year 1999 - 2000, the Working Group of Legal Business, the Minister of Justice of the Republic of Indonesia, May 15, 1999 - Now
Assistance Team member Minister for Finance and Monetary Finance, Ministry of Finance, June 1998 s / d now.
Jury Youth Scientific Contest LIPI-TVRI XXXI, Social Sciences, Cultural and Humanitarian Affairs, as of 1 April 1999 - Present
Expert editor of monthly magazine Entrepreneur Management Indonesia, August 1998 - Present
Commission members mentor students on behalf of Mr. S3. Andrianto Widjaya NRP. 95 507 Doctoral Program (S3) Program of Agricultural Economics, Bogor Agricultural Institute, June 1998
Chairman I of the Economic Policy and Foreign Policy and Development, Economy Indonesia PP Scholar Association (ISEI), from 1996 to 2000
Head of Planning Master of Public Policy-UI, 1996-March 1999
Deputy Head of Research LPEM UI, May 1995 - June 1998
Deputy Head of Education and Training LPEM FEUI, 1993 - May 1995
Research Associate, LPEM FEUI, 1992 - Now
Lecturer Extension Program Program & UI S1, S2, S3, Magister Management Universitas Indonesia, 1986 - Now
Members of the Working Group - Department of Finance GATS, RI 1995
Members of the Working Population Mobility Kelompak Minister for Population - BKKBN, 1995
Members of the Working Group on Population Mobility, IV Assistant Secretary for Population, BKKBN, May - December 1995
Expert staff OTO-BAPPENAS Policy Analysis, 1994 - 1995
Assistant Professor, University of Illinois at Urbana, Champaign, USA, 1990 - 1992
Assistant Lecturer Faculty of Economics - University of Indonesia, 1985 - 1986

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