Finance Minister of the Year 2013

Tharman Shanmugaratnam, the Finance Minister and Deputy Prime Minister of Singapore is Euromoney's 2013 recipient for the Finance Minister of the Year award, to be conferred during a private presentation at the World Bank/International Monetary Fund annual meetings in Washington this week.


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Euromoney, the global banking and finance industry publication, based its decision on three factors:
•  Opinions of a committee of Euromoney’s senior editors, chaired by editor Clive Horwood
•  Views of the world’s leading bankers
•  Analysis of the contributors to Euromoney Country Risk (ECR)

As Finance Minister, Mr Tharman has a key role in Singapore's economic growth, which is transiting from a population-driven to productivity-driven model.

The award is given in commendation for various contributions:

•  Spearheading a push to find new sources of economic growth
•  Crafting policies to ensure competency and relevance amid economic competition
•  Maintaining an innovative trade and financial services hub to diversified export markets
•  Building social safety net to address discontent over strained infrastructure and rising costs
•  Serving as the region’s statesman on the international stage

This is the second time a Singapore Finance Minister is conferred the award.

The list of previous recipients are:

1981  Turgut Özal - Turkey
1982  Hon Sui Sen - Singapore
1983  Jesús Silva Herzog - Mexico
1984  Paul Keating - Australia
1985  Roger Douglas - New Zealand
1986  James Baker - United States of America
1987  Edouard Balladur - France
1988  Nigel Lawson - United Kingdom
1989  J.B. Sumarlin - Indonesia
1990  Philippe Maystadt - Belgium
1991  Carlos Solchaga - Spain
1992  Domingo Cavallo - Argentina
1993  Manmohan Singh - India
1994  Iiro Viinanen - Finland
1995  Roberto de Ocampo - Philippines
1996  Robert Rubin - United States of America
1997  Anatoly Chubais - Russia
1998  Leszek Balcerowicz - Poland
1999  José Angel Gurría - Mexico
2000  Brigita Schmögnerovà - Slovakia
2001  Shaukat Aziz - Pakistan
2002  Milen Veltchev - Bulgaria
2003  Ibrahim bin Abdulaziz Al-Assaf - Saudi Arabia
2004  Ivan Miklos - Slovakia
2005  Ngozi Okonjo-Iweala - Nigeria
2006  Sri Mulyani Indrawati - Indonesia
2007  Mlađan Dinkić - Serbia
2008  Xie Xuren - China
2009  Jim Flaherty - Canada
2010  Alexei Kudrin - Russia
2011  Wayne Swan - Australia
2012  Cesar Purisima - Philippines
2013  Tharman Shanmugaratnam - Singapore


In-depth interview with finance minister Shanmugaratnam:
www.euromoney.com/MoF.