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Tharman Shanmugaratnam, a former deputy prime minister of Singapore, was elected as the country's president in a recent vote. This position is mostly ceremonial, and it's the first time in over ten years that people had a choice in the election.
Tharman, who is 66 years old and an economist, won with 70.4 percent of the votes. He takes over from the previous president, Halimah Yacob, who didn't face any competition in the last election in 2017.
Tharman mentioned that his election shows people's confidence in Singapore's future and their optimism about progress.
The president's role has some important responsibilities, like overseeing the country's finances and having a say in certain decisions. It's also the president's job to approve investigations into corruption.
Many people think that Tharman's victory is good for the People's Action Party (PAP), the party that has been in power in Singapore since 1959. The PAP has had some problems recently, so this win gives them a boost.
Who is Tharman Shanmugaratnam
Tharman Shanmugaratnam, a renowned economist and statesman, has been elected as the President of Singapore in a landslide victory. Born on February 25, 1957, in Singapore, Tharman has had a remarkable career dedicated to public service, economic policies, and global leadership.
Tharman's journey in public service has been extensive. He served as Senior Minister of Singapore from 2019 to 2023, playing a pivotal role in shaping the country's policies. His role as Coordinating Minister for Social Policies from 2015 to 2023 underscores his commitment to addressing social challenges.
One of his significant achievements was his tenure as Chairman of the Monetary Authority of Singapore (MAS) from 2011 to 2023. Tharman's expertise in economics has been instrumental in managing Singapore's financial matters and ensuring its economic stability.
Beyond Singapore, Tharman has been a prominent figure in international councils and panels. Notably, he currently chairs the Board of Trustees of the Group of Thirty, a global council comprising economic and financial leaders. His leadership extends to co-chairing the Global Commission on the Economics of Water, influencing policies related to global water issues.
In response to the COVID-19 pandemic, Tharman co-chaired the G20 High-Level Independent Panel on Global Financing for Pandemic Preparedness and Response. His contributions to global financial governance were evident when he chaired the G20 Eminent Persons Group on Global Financial Governance in 2017.
Tharman's role extends to influential organizations like the World Economic Forum (WEF) and the United Nations, where he serves on the High-Level Advisory Board on Effective Multilateralism. His expertise has been instrumental in advising the International Monetary Fund (IMF) as the first-ever Asian chair of the International Monetary and Financial Committee (IMFC) from 2011 to 2014.
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