Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

The problem of the food price is structural. The growth of demand cannot be checked in that it is coming from middle income countries demanding more quality and more quantity of food. High demand is here to stay.

We now know that climate action does not require economic sacrifice. This is fully in line with the World Bank Group's findings. It is up to all of us to make smart policy choices that will help combat climate change. For example, putting a price on carbon is a necessary step and could drive resources and investments to a cleaner economy.

I am still an Indonesian citizen.

So much research has been done showing that the woman is the most vulnerable but also the biggest strength leading to economic progress.

Many developing countries are enjoying demographic changes. They have a younger demographic composition so they're not burdened by legacy policy. Now, if you combine this with a good macro policy and ambitious structural policy, those countries are able to move more flexibly and be more agile.

I have my own experience in Indonesia, of course. Sometimes in these transition situations, the new governments are still clumsy and awkward in responding to this new environment in which they operate. The only thing in their DNA is the old regime.