Indonesia’s Sri Mulyani on Forbes’ Most Powerful Women List for Fourth Time

The Jakarta Globe, August 24, 2012

World Bank managing director Sri Mulyani Indrawati. (EPA Photo/
Bagus Indahono)

    

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Forbes has once again included World Bank managing director Sri Mulyani Indrawati on its World’s Most Powerful Women list.

Released on Thursday, the magazine’s 2012 edition of the list placed the former finance minister of Indonesia at number 72, down from her 65th place ranking last year.

This is the fourth time Sri Mulyani has been present on the list. Forbes first included her on it in 2008, ranking her 23rd. She was mentioned again in 2009, although her ranking dropped considerably to 72nd.

Sri Mulyani, 49, served as the Indonesian finance minister from 2005 to 2010. She started serving as one of the three managing directors of the World Bank during May of 2010.

“The most senior woman” at the bank — as Forbes referred to her — oversees its operations  in Asia, Africa, Europe, Latin America and the Middle East.

“Indrawati’s ongoing attention at the World Bank to middle-income countries such as Indonesia and the BRIC nations as a source of power and needed reform draws from her experiences as the Indonesian Minister of Finance from 2005 to 2010,” Forbes has commented.

The magazine also wrote that, “while minister, Indrawati cut Indonesia’s debt in half and helped the reserves reach an all time high of $50 billion."

Forbes’ 2012 list of the World’s Most Powerful Women once again placed German Canchellor Angela Merkel at the top for the second year in a row.

US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year.

The Top Ten list reads as follows:

.

1. Angela Merkel, Chancellor of Germany

2. Hillary Clinton, Secretary of State of the US

3. Dilma Roussef, President of Brazil

4. Melinda Gates, Co-chair of Bill and Melinda Gates Foundation

5. Jill Abramson, Executive Editor of New York Times Co.

6. Sonia Gandhi, President of Indian National Congress, India

7. Michelle Obama, First Lady of the US

8. Christine Lagarde, Managing Director of the International Monetary Fund

9. Janet Napolitano, Secretary of the Department of Homeland Security of the US

10. Sheryl Sandberg, COO of Facebook