Sri Mulyani Indrawati, Indonesia's Finance Minister, has been appointed as co-chair of the International Development Association (IDA), the World Bank's lending arm dedicated to the world's poorest countries.
The appointment places the prominent economist at the center of fundraising efforts for the institution's concessional finance window.
The role underscores Indonesia's growing stature in international financial governance.
As co-chair, Indrawati will help steer the IDA's replenishment cycles and strategic priorities, working alongside other major donor nations to secure funding for development projects in low-income economies.
Indrawati, widely recognized for her stewardship of Indonesia's fiscal policy and her previous tenure at the World Bank, brings extensive experience in macroeconomic management and development finance to the position.
Her leadership is expected to emphasize sustainable growth and resilience in vulnerable economies.