(SgNA) Finance Minister Tharman Shanmugaratnam upstage his boss PM Lee Hsien Loong with IMF reappointment
Our congratulations to Tharman Shanmugaratnam, the first Singapore politician to have won world recognition for his leadership as an outstanding finance minister and contributions to international finance. He has just accepted an invitation to head the International Monetary Fund’s steering committee for another year, that is, until March 22, 2015. He was appointed chairman of the International Monetary and Financial Committee (IMFC) for three years in March 2011, and was the first Asian to be given the prestigious position. Among those who have held the position were Youssef Boutros Ghali, Egypt’s former Minister of Finance, Tommaso Padoa-Schioppa, who had been Italy’s Economy and Finance Minister, andGordon Brown, Britain’s Chancellor of the Exchequer, who chaired the committee for eight years until he became Prime Minister.