Former Indonesian finance minister and current World Bank managing director Sri Mulyani Indrawati has been listed for the third year in Forbes list of the world’s 100 most powerful women.

In the 2011 list released recently, Forbes put Mulyani in the 63rd place, up from 71 in 2009, but still far from her rank of 23 she had in 2008.

Forbes said Mulyani’s achievements included managing to cut Indonesia’s debts by half and increasing the country’s foreign exchange reserves to more than US$50 billion.

Mulyani also managed to reform her office while serving at the finance ministry, making it one of the least corrupt institutions in graft-ridden Indonesia, and creating a business climate conducive for businesses, Forbes added, as quoted by

Mulyani is the only Indonesian woman in the 2011 list, which puts German Chancellor Angela Markel in the top place, followed by US Secretary of State Hillary Clinton, Brazilian President Dilma Rousseffm, PepsiCo CEO Indra Nooyi and Facebook COO Sheryl Sandberg.

Co-founder and co-chair of Bill & Melinda Gates Foundation, Melinda Gates, is in sixth place, followed by Indian National Congress Party chairwoman Sonia Gandhi, US First Lady Michele Obama, IMF Managing Director Christine Lagarde and Kraft Foods CEO Irene Rosenfeld.


News Source: The Jakarta Post