Finance Asia, a Hong Kong-based publication, on Wednesday (22/03) named Sri Mulyani Indrawati the Finance Minister of the Year 2017. (Reuters Photo/Beawiharta)

Sri Mulyani Named Finance Minister of the Year

BY : TABITA DIELA

MARCH 23, 2017

Jakarta. Finance Asia, a Hong Kong-based publication, on Wednesday (22/03) named Sri Mulyani Indrawati the Finance Minister of the Year 2017.

Sri was followed by South Korea's Yoo Il-ho and Carlos "Sonny" Garcia Dominguez of the Philippines.

The publication lauded Sri's improvements in the country's tax collection system, saying the minister has a "stellar reputation" and an "indomitable work ethic."

Sri previously served as Indonesia's finance minister from 2005-2010 under President Susilo Bambang Yudhoyono, before leaving government to take on a role as the managing director and chief operating officer of the World Bank.

In July last year, Sri accepted the position to head the Finance Ministry under President Joko "Jokowi" Widodo, succeeding Bambang Brodjonegoro after he left to head the National Development Planning Agency (Bappenas).

Bambang jump-started the national tax amnesty program, but Finance Asia said that Sri's "fearsome reputation" was "undoubtedly crucial" to its continued success. Indonesia's tax amnesty has been lauded as one of the most successful programs of its kind, with participants declaring Rp 4,590 trillion ($344 billion) worth of assets previously hidden from government oversight.

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