SECRETARY CESAR V. PURISIMA, 2012 FINANCE MINISTER OF THE YEAR
Editorial
October 16, 2012
Manila Bulletin
DEPARTMENT of Finance Secretary Cesar V. Purisima has been named “2012 Finance Minister of the Year” by leading global banking and finance magazine Euromoney for his “careful and successful stewardship” of the Philippine economy, and for his initiatives in promoting capital markets, both in the Philippines and in the Association of Southeast Asian Nations.
Euromoney is the flagship publication of business and financial publisher Euromoney Institutional Investor. It has been selecting a “Finance Minister of the Year” over the past 30 years to coincide with the World Bank/International Monetary Fund (WB/IMF) Annual Meeting. Selection is based on three factors: Opinions of a committee of Euromoney editors, views of world’s leading bankers, and analysis of over 400 global economist-contributors.
Secretary Purisima, who received the award during the week-long WB/IMF Meeting in Tokyo, which started October 11, 2012, said it is a recognition of the Philippines’ economic gains under the Aquino Administration. “This is a testament to how far the Philippine economic story has turned around under the leadership of President Aquino. The President’s unwavering commitment to good governance has brought significant gains to the Philippine economy,” he said. In 2011, Secretary Purisima was also named Finance Minister of the Year by the London-based financial news source, “Emerging Markets,” comprised of current financial news on emerging market trends and analysis in capital markets.
Secretary Purisima was appointed Finance Secretary by President Benigno S. Aquino III on June 29, 2010. He held the post previously in the Arroyo administration before he resigned in 2005. Before joining the government, he headed one of the country’s biggest auditing firms, Sycip, Gorres & Velayo. He was a member of the Global Executive Board and Global Practice Council of Ernst & Young, one of world’s Big Four accounting firms. He served in Land Bank of the Philippines, National Power Corporation, Monetary Board of the Bangko Sentral ng Pilipinas, Energy Development Corp., World Bank Group and International Monetary Fund. He is Governor for the Philippines in Asian Development Bank. He is Chairman of the Power Sector Assets and Liabilities Management Corp.
We congratulate Department of Finance Secretary Cesar V. Purisima for having been selected “2012 Finance Minister of the Year,” by the prestigious Euromoney Magazine. We wish him the best and success in all endeavors. CONGRATULATIONS AND MABUHAY!
Euromoney is the flagship publication of business and financial publisher Euromoney Institutional Investor. It has been selecting a “Finance Minister of the Year” over the past 30 years to coincide with the World Bank/International Monetary Fund (WB/IMF) Annual Meeting. Selection is based on three factors: Opinions of a committee of Euromoney editors, views of world’s leading bankers, and analysis of over 400 global economist-contributors.
Secretary Purisima, who received the award during the week-long WB/IMF Meeting in Tokyo, which started October 11, 2012, said it is a recognition of the Philippines’ economic gains under the Aquino Administration. “This is a testament to how far the Philippine economic story has turned around under the leadership of President Aquino. The President’s unwavering commitment to good governance has brought significant gains to the Philippine economy,” he said. In 2011, Secretary Purisima was also named Finance Minister of the Year by the London-based financial news source, “Emerging Markets,” comprised of current financial news on emerging market trends and analysis in capital markets.
Secretary Purisima was appointed Finance Secretary by President Benigno S. Aquino III on June 29, 2010. He held the post previously in the Arroyo administration before he resigned in 2005. Before joining the government, he headed one of the country’s biggest auditing firms, Sycip, Gorres & Velayo. He was a member of the Global Executive Board and Global Practice Council of Ernst & Young, one of world’s Big Four accounting firms. He served in Land Bank of the Philippines, National Power Corporation, Monetary Board of the Bangko Sentral ng Pilipinas, Energy Development Corp., World Bank Group and International Monetary Fund. He is Governor for the Philippines in Asian Development Bank. He is Chairman of the Power Sector Assets and Liabilities Management Corp.
We congratulate Department of Finance Secretary Cesar V. Purisima for having been selected “2012 Finance Minister of the Year,” by the prestigious Euromoney Magazine. We wish him the best and success in all endeavors. CONGRATULATIONS AND MABUHAY!
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