23 Mar '11, 3am

Singapore takes charge of key IMF board via @cmswire

Singapore takes charge of key IMF board via @cmswire

Finance Minister Tharman Shanmugaratnam will take charge of a key International Monetary Fund board. -- ST PHOTO: CAROLINE CHIA WASHINGTON - THE International Monetary Fund said on Tuesday that Singapore's finance minister, Tharman Shanmugaratnam, would take charge of a key board setting the global lender's policy direction. Members of the International Monetary and Financial Committee chose Mr Shanmugaratnam to succeed Egypt's former finance minister Youssef Boutros-Ghali, who was obliged to step down as chairman after his government was dissolved. Mr Shanmugaratnam, who has served as Singapore's finance minister since December 2007, was chosen to head the committee for three years, an IMF statement said. The International Monetary and Financial Committee is in charge of deliberating on the main policy issues facing the IMF. The committee is comprised of 24 finance minist...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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