Indon ‘money guru’ to head World Bank

WORLD Bank (WB) president Robert B. Zoellick has announced the appointment of Sri Mulyani Indrawati as managing director of the World Bank Group.As Indonesia’s minister for finance since 2005, Indrawati has guided economic policy for one of the largest countries in Southeast Asia, and one of the biggest states in the world, navigating successfully in the midst of the global economic crisis, implementing key reforms, and earning the respect of her peers across the world.“I am delighted to announce the appointment of Sri Mulyani Indrawati. She has been an outstanding Finance minister with in-depth knowledge of both development issues and the role of the World Bank Group,” Zoellick said .“As a member of the senior team, she will play a key role in helping to lead the bank as we move to strengthen client support, implement our reform programmes, and anticipate future challenges.”Prior to her position as finance minister, Indrawati served as state minister and chair of the Indonesian national development planning agency.Between 2008 and 2009, she served as coordinating minister of economic affairs.From 2002 to 2004, she was an executive director on the board of the International Monetary Fund.She has been on the faculty of the University of Indonesia and was a visiting professor at the Andrew Young School of Public Policy at Georgia State University.Accepting the appointment Indrawati said: “It is a great honour for me and also for my country to have this opportunity to contribute to the very important mission of the bank in changing the world.”