## Press Release: IMFC Selects Tharman Shanmugaratnam as New Chairman

_IMF News, March 22, 2011_

## Source details

**Canonical URL:** [Press Release: IMFC Selects Tharman Shanmugaratnam as New Chairman](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1196)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr1196/index.md)
- [Structured JSON version](/en/news/articles/2015/09/14/01/49/pr1196/index.json)
- [Bundle manifest](/en/news/articles/2015/09/14/01/49/pr1196/bundle-manifest.json)

## Bibliographic details
- Published: March 22, 2011

---

### IMFC selection and term
- The members of the International Monetary and Financial Committee (IMFC) have selected Mr. Tharman Shanmugaratnam, Minister for Finance of Singapore, as Chairman of the Committee.
- Minister Tharman succeeds Dr. Youssef Boutros-Ghali, Egypt’s former Minister of Finance, who resigned on February 4, 2011.
- Minister Tharman has accepted the IMFC’s chairmanship for a term of up to three years.
- Press Release No. 11/96; March 22, 2011.

### Minister Tharman’s background and qualifications
- Current role: Minister for Finance of Singapore since December 2007.
- Earlier roles: Minister for Education.
- Prior nonpolitical role: Managing Director of the Monetary Authority of Singapore (Singapore’s central bank and financial regulator).
- Memberships: Member of the Group of Thirty.
- Summary assessment from the release: “Minister Tharman’s broad experience, deep knowledge of economic and financial issues, and active engagement with global policy makers will be highly valuable to the IMFC.”

### IMFC role, composition, and meeting schedule
- The IMFC is the primary advisory body of the IMF Board of Governors and deliberates on the principal policy issues facing the IMF.
- Membership: The Committee has 24 members, reflecting the composition of the IMF Executive Board.
- Appointment mechanism: Each member country that appoints, and each group of countries that elects, an Executive Director, appoints a member of the Committee.
- Meeting frequency: The IMFC meets twice a year—in the spring and at the time of the IMF-World Bank Annual Meetings in the fall.
- Next scheduled meeting (per the release): April 16, 2011 in Washington, D.C.

*Press Release No. 11/96; March 22, 2011.*

---


## References

- [Arab Republic of Egypt and the IMF](http://www.imf.org/external/country/EGY/index.htm)
- [Singapore and the IMF](http://www.imf.org/external/country/SGP/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [https://www.imf.org/external/images/ts.jpg](https://www.imf.org/external/images/ts.jpg)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1196_