World Bank Managing Director Sri Mulyani Indrawati on the Governance—Growth Nexus: Key to Competitiveness in Asia

A Banyan Tree Leadership Forum
  • Friday, Sep 30, 2011

  • Developing countries must play a stronger role in shaping the global economy, Dr. Sri Mulyani Indrawati said at a Banyan Tree Forum hosted by Murray Hiebert, deputy director of the CSIS Southeast Asia Program. Dr. Mulyani, one of three managing directors at the World Bank, argued that good governance, both domestic and regional, is essential to creating an environment for sustainable economic growth.

    With developing countries accounting for roughly 50 percent of global growth, Dr. Mulyani called for these countries to become shareholders of the global economy. This approach is even more important in light of the European debt crisis and the murky economic outlook in the United States. While ASEAN countries weathered the 2008 financial crisis, she warned that the region’s trade-dependent economies are not ready to face a second major shock.

    Good governance encourages growth by reducing uncertainty, Dr. Mulyani argued, but governments must also provide dignity, freedom, and equality to sustain growth over the long term. To promote good governance in ASEAN, Dr. Mulyani stressed the need to build institutional capacity; grow participation and oversight from civil society; create a competitive private sector environment; and ensure political accountability.

    CSIS Southeast Asia Program is pleased to present a Banyan Tree Leadership Forum on

    “The Governance – Growth Nexus: Key to Competitiveness in Asia”

    Keynote Remarks by 

    Dr. Sri Mulyani Indrawati
    Managing Director, World Bank

    Introduction by

    Murray Hiebert
    Senior Fellow & Deputy Director, Southeast Asia Program

    Friday, September 30, 2011
    10:00 am - 11:00 am

    B1A/B Conference Facility
    1800 K ST NW,
    Washington DC 

    We are honored to invite you to join us for timely remarks by Sri Mulyani Indrawati.  She is one of the most dynamic and insightful leaders in international finance and development.  Ibu Sri Mulyani will discuss the impact of governance on economic growth in Southeast Asia and in other developing regions of the world. After championing financial and political reform in Indonesia as Minister of Finance, Sri Mulyani’s transition to the World Bank gave her the opportunity to leverage the bank’s role to encourage reforms and institutional architecture in other countries. As The World Bank faces new challenges, including assisting in the aftermath of the Arab Spring while Europe and United States are distracted by internal difficulties, Ibu Sri Mulyani will share her insights on the connection between governance and economic growth.

    Sri Mulyani joined the World Bank in June 2010. She is responsible for the Bank’s operations in South Asia, Africa, Europe and Central Asia, Latin America and the Caribbean, East Asia and the Pacific, and the Middle East and North Africa. Prior to joining the Bank, she served as Indonesia’s Minister of Finance, at which time she guided economic policy for one of the largest countries in Southeast Asia, and one of the biggest states in the world, navigating successfully in the midst of the global economic crisis, implementing key reforms, and earning the respect of her peers across the world.

    Ibu Sri Mulyani holds a Ph.D. in Economics from the University of Illinois and a BA in Economics from the University of Indonesia. She has received numerous honors and awards, including Euromoney Magazine’s Global Finance Minister of the Year, and Emerging Markets Best Finance Minister in Asia. She is also regularly featured on Forbes List of the 100 Most Powerful Women.
    Please RSVP to the Southeast Asia Program by September 28 at noon.  If you have questions, please contact Mary Beth Jordan at (202) 775 3278.

    CSIS Southeast Asia is the premier high-level forum for US policy in Southeast Asia.  Join the discussion by signing up with us on our website, Facebook – CSIS Southeast Asia, Twitter @SoutheastAsiaDC, and the CSIS Asia policy blog

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