Sri Mulyani Indrawati Appointed to World Bank Post
The World Bank has appointed former Indonesian Finance Minister Sri Mulyani Indrawati as Independent Co-Chair of the 22nd International Development Association (IDA).
In her role, Sri Mulyani is tasked with strengthening policy and funding support in both donor and borrower countries.
According to an official World Bank statement, Sri Mulyani will lead the IDA22 replenishment process together with World Bank Managing Director Paschal Donohoe.
“She was selected from a shortlist of candidates by a search committee comprising representatives of donor and borrower country groups,” the World Bank stated.
IDA replenishment meetings are generally held every three years.
The meetings aim to raise new funding for IDA, the World Bank Group’s funding institution for the world’s poorest countries, and provide an opportunity for partners to review IDA policies.
IDA is one of the largest sources of funding for combating extreme poverty in low-income countries worldwide.
IDA provides zero-interest or low-interest loans and grants to countries to finance projects and programmes that promote economic growth, strengthen resilience, and improve the living standards of poor communities across the globe.
Since 1960, IDA has disbursed more than 632 billion US dollars for investments in 115 countries.
The IDA22 replenishment cycle will be formally launched at the Mid-Term Review Meeting in Tashkent, Uzbekistan, in December 2026.
Meanwhile, the final meeting for the submission of funding commitments is expected to take place in December 2027.
IDA22 will determine the amount of concessional financing available to 78 countries through 2031.
Since IDA18, IDA replenishment meetings have been led by two co-chairs consisting of a prominent independent figure with sufficient knowledge of multilateral development banks and a senior World Bank representative appointed by the institution’s president.
“Sri Mulyani is one of the most experienced figures in the world in the field of international development financing,” the World Bank added.