1. Sri Mulyani Indrawati was born on 26 August 1962 and is an Indonesian economist who has served as Minister of Finance of Indonesia since 2016 under President Joko Widodo and Prabowo Subianto.
22 Facts About Sri Mulyani
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Sri Mulyani resigned her post 2010 and took a position at the World Bank as Managing Director, before returning as finance minister in 2016.
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Sri Mulyani was born in Tanjung Karang in Lampung, Sumatra, on 26 August 1962.
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Sri Mulyani is the seventh child of university lecturers professor Satmoko and Retno Sriningsih.
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Sri Mulyani's brothers were Agus Purwadianto, Nanang Untung Cahyono, Nunung Teguh Trianung, and Soetopo Patria Jati.
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Sri Mulyani's sisters were Asri Purwanti, Nining Triastuti Soesilo, Atik Umiatun Hayati, Sri Harsi Teteki, and Retno Wahyuningsih.
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Sri Mulyani obtained a BA in Economics from the University of Indonesia in 1986.
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Sri Mulyani then attended the University of Illinois at Urbana-Champaign, where she received a MSc in Policy Economics in 1990 and a PhD in economics in 1992.
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In 2001, Sri Mulyani moved Atlanta, Georgia, to serve as a consultant with the United States Agency for International Development for programs to strengthen Indonesia's autonomy.
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Sri Mulyani was first appointed as Minister of Finance in 2005 by President Susilo Bambang Yudhoyono.
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Sri Mulyani successfully reduced political corruption and initiated reforms in Indonesia's tax and customs office.
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Sri Mulyani revised incentive structures for civil servants in her ministry and began paying higher salaries to tax officials deemed to be "clean" so they would have less temptation to accept bribes.
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In July 2008, Sri Mulyani was inaugurated as the Coordinating Minister for the economy, replacing Boediono, who was to head Bank Indonesia.
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Sri Mulyani defended the bailout as necessary and denied any wrongdoing.
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Criticism on Sri Mulyani's policy came from then-Vice President of Indonesia Jusuf Kalla.
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Sri Mulyani denied claims by former Bank Indonesia officials that if the lender had been allowed to fail, there would have been a systemic impact on the country's banking system and economy.
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In May 2014, Sri Mulyani testified at a trial related to the Century Bank bailout, where she reiterated that she believed that the bailout was a good decision.
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From 2017 to 2019, Sri Mulyani was named the best finance minister in the Asia-Pacific region three years in a row by FinanceAsia.
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In February 2020, Sri Mulyani announced a 10.3 trillion rupiah economic stimulus package to mitigate the effects of the COVID-19 recession.
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On 20 October 2024, Sri Mulyani was reappointed as Minister of Finance by President Prabowo Subianto for 3rd consecutive term, ending in 2029, making her the first person to hold the position under three presidential administrations.
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Sri Mulyani married economist Tonny Sumartono in 1988, with whom she has three children.
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Sri Mulyani is a professional economist and has no political affiliation.