All Indonesians proud of Sri Mulyani's award: Jokowi

All Indonesians proud of Sri Mulyani's award: Jokowi

The award is based on an assessment by independent institution Ernst & Young and was presented during the World Government Summit in Dubai by United Arab Emirates Vice President Sheikh Mohammad bin Rashid Al Maktoum.

"Under her mandate Indonesia achieved tangible results in reducing poverty, improving the standard of living, reducing public debt and boosting the transparency of public transactions", said the awarding committee.

President Joko Widodo said here on Monday that an worldwide recognition designating Sri Mulyani as the world's best finance minister proved Indonesia's economy was on the right track and was being managed effectively.

"Hopefully, this award will motivate the Indonesian government further, to do various reforms for the young generation facing a revolution in technology and a fast-changing world", she added.

In a video message posted online on Sunday, she said the award recognises President Joko Widodo's leaderhip in Indonesia's financial and economic reforms since he took office in October 2014.

She has largely been credited with strengthening Indonesia's economy.

"This is recognition not only for one minister".

The World Government Summit is an annual event held in Dubai involving government representatives from all over the globe. Indonesian reserves, meanwhile, were at the "all-time high" of $50 billion, it said.

The minister has presided over Indonesia's ambitious tax amnesty scheme, the Jokowi administration's major investments in infrastructure and has "earned a reputation for toughness", according toBloomberg.

She was ranked as the 38th most powerful woman in the world by Forbes magazine and was selected among eight ministers who were shortlisted during the final round of the award, Gulf News reported.

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