January 10, 2017 11:42 am
The Banker, a magazine of the British daily Financial Times, has named Ravi Karunanayake the Finance Minister of the Year for Asia-Pacific for his efforts to steer Sri Lanka into a new era of economic reform and a change of mindset.
Latvian Finance Minister Dana Reizniece-Ozola has been named the Finance Minister of the Year in Europe. The Finance Minister of the Year in the Middle East is Anas Al-Saleh from Kuwait. The Finance Minister of the Year in Africa is Pravin Gordhan from South Africa.
Crucially, Mr Karunanayake secured a $1.5bn International Monetary Fund (IMF) loan programme that the country needed to avoid a balance of payments crisis, replenish reserves and rebuild confidence among international investors.