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Purisima receives 2012 Euromoney Finance Minister Award 

October 12, 2012 1:02pm
Global financial magazine gave Finance Secretary Cesar Purisima the Finance Minister Award for 2012 for his “careful and successful stewardship of the economy in the Philippines.
 
“Our sources report a real and positive view of the Philippines and cite the leadership and decision making that you have shown as a key factor in this sentiment,” said Euromoney editor Clive Horwood. 
 
Purisima joins the likes of Finance Ministers Jim Flaherty of Canada who won the award in 2009, Alexei Kudrin of Russia in 2010, and Wayne Swan of Australia in 2011.
 
Last year, London-based financial news source Emerging Markets bestowed on Purisima the Finance Minister of the Year Award for Asia.

In a statement e-mailed by the Department of Finance to reporters on Friday, Purisima said:
I would like to thank Euromoney for this recognition. More than anything else, this is a testament to how far the Philippine economic story has turned around under the leadership of President Aquino.
 
President Aquino’s unwavering commitment to good governance has brought significant gains to the Philippine economy. Good news are plentiful these days – macroeconomic stability, strengthened fiscal position, increased investments in social and economic services, and improved competitiveness among other things.
 
In addition, President Aquino’s leadership has inspired several distinguished men and women to join government and without their hard work the Philippine story would not be as remarkable. It has been a tremendous honor to join them in this journey and I share this recognition with them. 
 
I’d like to especially recognize Internal Revenue Commissioner Kim Henares who has the unenviable task of collecting almost a trillion pesos in taxes to finance government priorities, as well as Budget Secretary Butch Abad who has the equally unenviable task of selecting which among the many priorities we will finance.
 
Lastly, I share this recognition with all my colleagues at the Department of Finance family. I am only one in an enterprise of many. It is the hard work of each and every one that enables us to reach greater heights.
Purisima was  appointed as Finance secretary by President Benigno Aquino III in July 2010. During the campaign for the 2010 presidential polls, he was an active supporter of Aquino and former Senator Mar Roxas II (Aquino’s running mate), who was recently appointed Interior secretary.
 
Before joining government, Purisima headed the auditing firm Sycip, Gorres & Velayo until he was tapped by then-President Gloria Macapagal-Arroyo as Trade secretary in 2004 and Finance secretary in 2005. — VS, GMA News
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