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Taiwan's Chang named finance minister of the year by The Banker

Taiwan's Chang named finance minister of the year by The Banker

Taipei, Jan. 6 (CNA) Trade magazine The Banker has named Taiwan's Chang Sheng-ford its Finance Minister of the Year 2015, both in the Asia-Pacific and the world, for "pushing for tricky real estate and income tax reforms" amid a social climate of discontent over the last year. This is the first time that a Taiwanese finance minister has been selected by the British magazine. In its Monday report, the Banker praised Chang, who has been minister since June 2012, for moving to increase taxes on non-owner-occupied real estate and planning to keep public debt under 38.6 percent of gross domestic product. "We have become aware, especially after the EU sovereign debt crisis, that sound financials are key for economic sustainability," the 65-year-old told the magazine. Chang told CNA that he is delighted British media has taken note of Taiwan's financial development and given a positive assessment. He attributed the honor to the efforts of everyone in the Ministry of Finance and to the support of the executive and legislative branches of government. Meanwhile, the Finance Minister of the Year for Europe was Poland's Mateusz Szczurek, while Mauricio Cardenas of Colombia was named for the Americas, Ibrahim Abdulaziz Al-Assaf of Saudi Arabia was named for the Middle East, and Hany Kadry Dimian of Egypt was named for Africa. Chang is the first Taiwanese finance minister honored by The Banker, but the second financial official from Taiwan. In 2009, The Banker selected Perng Fai-nan, governor of Taiwan's central bank, as the Central Banker Governor of the Year for Asia. (By Wei Shu and Lilian Wu)


Updated : 2021-09-27 12:42 GMT+08:00