Indonesian Bank Manager
Indonesian Bank Manager – Sri Mulyani Indrawati (born 26 August 1962) is an Indonesian economist who has been the Minister of Finance of Indonesia since 2016. In She held the same position from 2005 to 2010. In June 2010, she was appointed Director General of the World Bank Group and resigned as Minister of Finance. On 27 July 2016, Sri Muliani was appointed Minister of Finance in President Joko Widodo’s cabinet, replacing Bambang Brojonegoro.
He is widely credited with strengthening Indonesia’s economy, increasing investment and guiding Southeast Asia’s largest economy through the 2007–10 financial crisis.
Indonesian Bank Manager
However, Sri Mulyani was widely criticized for supporting a 6.7 trillion rupiah bailout during the Bank Katuri scandal in 2008 and was later called as a witness in 2014.
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In the same year, Forbes magazine ranked her as the 38th most powerful woman in the world.
Sri Muliani was born on 26 August 1962 in Tanjung Karang, Lampung, Sumatra (now Bandar Lampung), as the seventh child of university lecturers Professor Satmoko and Retno Sringsih.
She graduated from the University of Indonesia in 1986. In 1992, she received her master’s degree and doctorate from the University of Illinois at Urbana-Champaign. United States Agency for International Development (USAID) to promote Indonesia’s self-government programs. She has also lectured on the Indonesian economy as a visiting professor at the Andrew Young School of Policy Studies at Georgia State University.
From 2002 to 2004, she was the executive director of the International Monetary Fund Committee against 12 Southeast Asian economies.
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In 2005, President Susilo Bambang Yudhoyono appointed Sri Muliani as the Minister of Finance of Indonesia. One of her first tasks was to fire the department’s corrupt tax and customs officers. She successfully tackled corruption and initiated reforms in Indonesia’s tax and customs office.
It managed to increase direct investment in Indonesia. In 2004, the year President Susilo Bambang Uhoyono took office, Indonesia received $4.6 billion in foreign direct investment. The following year, it attracted $8.9 billion.
In 2006, a year after the election, Euromoney magazine named her Euromoney’s Finance Minister of the Year.
In In 2007, Indonesia recorded economic growth of 6.6 percent, the highest level since the Asian financial crisis in 1997. However, in 2008, growth was reduced to 6%.
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Due to the global economic recession. In July 2008, Sri Mulyani Indrawati was inaugurated as the Coordinating Minister of the Economy, replacing Boedion, who headed the Central Bank of Indonesia.
In August 2008, Muliani was named the 23rd most powerful woman in the world by Forbes magazine.
And the most powerful woman in Indonesia. During his tenure as finance minister, the country’s foreign exchange reserves reached an all-time high of $50 billion.
This makes it easier for Indonesia to sell loans to foreign institutional investors. She reformed the organization of civil servants in her ministry and began paying higher salaries to tax officials who were considered “clean” to reduce the temptation to accept bribes.
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After the re-election of Susilo Bambang Yudhoyono in 2009, she was again appointed Minister of Finance. In the year Indonesia’s economy grew 4.5% in 2009, while many parts of the world were in poverty. In 2009, Indonesia was one of the three major economies that recorded the fastest growth of more than 4%. The other two are China and India.
Under her watch, the government managed to increase the number of income tax payers from 4.35 million in 2005 to nearly 16 million individuals in 2010, and tax revenues grew by about 20% annually to more than Rp. 600 trillion in 2010.
In 2020, it caused controversy by issuing a 50-year series of tor bonds, the longest in Indonesia’s history.
In a year
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In November 2013, the British newspaper The Guardian reported that the American hacker Edward Snowd had given information to the Australian intelligence services in 2013. .
Australian Prime Minister Tony Abbott protested that these activities were not so much “espionage” as “research” and that his intention was always to use any information “for good”.
On May 5, 2010, Muliani was appointed one of the three managing directors of the World Bank Group.
She succeeds Juan Jose Dabub, who ended his four-year term on June 30, overseeing 74 countries in Latin America, the Caribbean, East Asia and the Pacific, the Middle East and North Africa.
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Her resignation was viewed negatively and sparked a financial crisis in Indonesia, with the stock market falling 3.8% following the news, amid widespread selling in Asia, with the Indonesian rupiah falling nearly 1% against the dollar.
In its investigation of tax evasion in the Bakri Group, it refused to use state funds to secure Bakri’s interests in the coal sector.
On 20 May, President Susilo Bambang Yudhoyono replaced him with Agus Martowardojo, CEO of Bank Mandiri, Indonesia’s largest bank.
In 2008, a mid-sized bank sued Sri Mulyani for the alleged crime. Critics of the bailout said the capital injection was needed without legal authority and to prevent a run on other banks. It suffered financial losses of up to 6.7 trillion rupiah ($710 million).
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Given the uncertainty in the world economy at the time, Shri Mulyani rejected rescue as necessary and died of any wrongdoing.
However, criticism of Sri Muliani’s policies also came from former Vice President Yusuf Kala. Former Vice President Jusuf Kala died in a still-controversial bailout of PT Bank Ctury amid claims by former Bank Indonesia officials that the elder would have had a systemic impact on the country’s banking system and economy had he failed.
In addition, a special committee of the House of Representatives from all nine factions agreed that there were suspicious and possibly fraudulent transactions during the guarantee period from November 2008. They all called on the Indonesian National Police (POLRI) and the Corruption Eradication Commission (KPK) to take over, saying that they don’t have enough knowledge to do more. Follow significant corporate, financial and political developments around the world. Stay informed and uncover potential risks and opportunities with independent global reporting, expert opinion and analysis you can trust.
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Cunardi Lee has moved from Citi to the German bank as chief country officer for Indonesia, replacing Geosia Raleigh in the US group, where he will take on a broader role in global banking and lead Indonesia’s corporate and investment banking.
Lie was managing director of corporate and investment banking for Citi in Indonesia. His move to Deutsche Bank is effective immediately.
He succeeds Suresh Narang, who retired from Deutsche Bank at the end of March after 27 years, after serving as treasurer in Mumbai in 1987, as head of sales and business operations in Indonesia in 1994, and as country head in 2001.
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Lies in Jakarta,