JAKARTA — Dr. Sri Mulyani Indrawati has been sworn in as Indonesia’s finance minister for a third consecutive term, solidifying her position under the new administration of President Prabowo Subianto after months of speculation about her future.
Dr. Sri Mulyani, an economist with an extensive background that includes leadership roles at the World Bank and the International Monetary Fund (IMF), has previously served under Presidents Susilo Bambang Yudhoyono and Joko Widodo. Her reappointment under President Prabowo reflects a commitment to continuity in Indonesia’s economic policies as the nation navigates complex challenges, including inflation, global trade tensions, and post-pandemic recovery.
Her reappointment had been uncertain, with analysts speculating whether her technocratic approach would align with President Prabowo’s more nationalist economic policies. However, both leaders appear to have found common ground in their shared vision for Indonesia’s economic growth and stability.
As finance minister, Dr. Sri Mulyani has played a pivotal role in steering Indonesia through the economic fallout of the COVID-19 pandemic and overseeing key reforms, including taxation and public spending initiatives. She is widely regarded for her expertise in macroeconomic management and fiscal discipline, qualities that have helped maintain investor confidence in Southeast Asia’s largest economy.
Her continued presence in the Cabinet is seen as a positive signal for international markets and investors, reinforcing Indonesia’s commitment to prudent financial management and sustained economic growth.