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Finance Minister of the Year 2012

December 19, 2011

Being a country’s finance minister may appear to be something of a poisoned chalice in the current economic environment, but there are still plenty of politicans doing sterling work in steering their countries through the aftermath of the global crisis. The Banker salutes the finest of these.

Regional Winners - 2011

December 23, 2010

The Banker identifies those that have been integral to their countries' recoveries from various financial crises.

Pranab Mukherjee, finance minister, India

Finance Minister of the Year 2011

December 23, 2010

The world economy may be recovering from the global financial crisis, but finance ministers still face enormous challenges in guiding their countries towards sustainable growth and prosperity.

Finance Minister of the Year 2010 - regional winners

January 5, 2010

Before 2008, economic policy paralysis had largely prevailed in Côte d'Ivoire since an attempted coup and civil war in 2002. A default on commercial debt (mostly Brady bonds) in 2000 had not been cured, an International Monetary Fund (IMF) loan programme signed in 2002 had lapsed in 2005 without being replaced, and the country was running arrears to the Paris Club of bilateral creditor governments.


Finance Minister of the Year 2010 - Global and Asia-Pacific

December 30, 2009

Strong nerves and creative strategies have characterised the best-performing finance ministers over the past 12 months. Here The Banker recognises those whose will and skill have proved outstanding at tackling the immediate effects of the slump while positioning their countries for future growth.

Finance minister of the Year/ Asia: Margarito Teves, Finance Secretary, the Philippines

January 5, 2009

In previous bouts of financial market crises, the Philippines has been one of the first victims of contagion due to its high external debt and interest burden.

Finance Minister of the Year/ Europe: Jan Pociatek, Minister of Finance, Slovakia

January 5, 2009

Early euro adoption plans for countries across central and eastern Europe (CEE) have fallen by the wayside, as loose fiscal policies made it difficult to meet the Maastricht criteria for budget balances and inflation. But in 2008, Slovakia bucked the trend and qualified to enter the eurozone in January 2009.

Finance Minister of the Year/ Africa: Dr Ezra Suruma, Finance Minister, Uganda

January 5, 2009

Uganda’s minister of finance, Dr Ezra Suruma, has overseen a year of strong growth in the face of a series of economic head winds. Gross domestic product (GDP) growth looks likely to hit almost 10% in 2008, well above the African average. Construction and services fuelled economic growth in 2007/08 and exports grew by 50%.

Finance Minister of the Year/ Americas: Hector Alexander, Minister of Finance, Panama

January 5, 2009

For Panama’s public finances, 2008 started and ended well. In February 2008, rating agency Standard & Poor’s raised the country’s sovereign credit rating to BB+, from BB, citing a budget that recorded a surplus of 2.6% of gross domestic product (GDP) in 2007, compared with a deficit of 5.6% in 2004. Government debt has fallen from 42% of GDP to 32% over the same period.

Finance Minister of the Year 2009

January 5, 2009

It has been a tumultuous 12 months for the majority of the world’s finance ministers, with the impact of the credit crisis affecting almost every country to some extent. Here The Banker salutes those that have risen to the challenges posed by this financial turmoil.

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