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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

September 2006

Minister of Finance of the year 2006: Dr Sri Mulyani Indrawati

Indonesia’s young finance minister has made some key decisions since her appointment, winning many friends abroad. Some tough challenges lie ahead; to meet them, Mulyani will need to win more friends at home. Chris Leahy reports.




Tough challenges,  right choices
 
MINISTER OF FINANCE of the year:
DR SRI MULYANI INDRAWATI, INDONESIA
Manning the financial helm of a far-flung country of 230 million people is no easy task, yet Indonesia’s finance minister, Dr Sri Mulyani Indrawati, is proving rather adept at the job. While the country’s future economic prosperity remains finely balanced, the signs are encouraging that the economic team assembled by president Susilo Bambang Yudhoyono (SBY) is getting to grips with the country’s issues. Mulyani is playing a pivotal role in that effort.

“She’s added a high degree of stability from the perspective of the international markets,” says the head of debt capital markets at an international investment bank. “She’s done a good job to tackle the issues facing the country.”

There is indeed much to applaud. The decision to raise...

More information on finance minister of the year


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