6 January 2014

Africa: Konneh Named Africa's Best Finance Minister

Liberia's Finance Minister Amara Konneh has been named Finance Minister of the Year in Africa by the London-based Banker magazine, a subsidiary of the Financial Times.

According to the Ministry of Finance, the Banker's decision was made after discussions among the magazine's editors and a survey of views among bankers and economists.

In a formal communication to Konneh, the Banker said the Liberian fiscal manager's award represents a vote of confidence by the markets in the role played by the Liberian Ministry of Finance over the past year.

The Banker said Konneh was selected based on careful review of his accomplishments and the wide-ranging economic reforms that are being carried out to develop Liberia's institutions, infrastructure and financial system.

Every year The Banker magazine selects the "Finance Ministers of the Year" by region. Other Ministers to receive the award along with Minister Konneh include Luis Videgaray of Mexico (Global and Americas), Michael Noonan, Ireland (Europe), Cesar Purisima of the Philippines (Asia-Pacific) and HE Sultan bin Saeed Nasser Al Mansouri of United Arab Emirates (The Middle East).

The Banker has been the premier monthly magazine on global finance since 1926, and is owned by the Financial Times group. It is the most-read monthly financial magazine in Europe, with an influential worldwide audience of senior bank executives and financial policy-makers.

This is the 13th year in which the Banker has given awards to finance ministers. The latest edition dedicated to Konneh will be distributed among world leaders in the banking and treasury sectors at the upcoming high-level World Economic Forum in Davos, Switzerland.

Konneh said much of the success has resulted from the government's focus on developing its security services and attracting outside investment to revive industries that thrived before war struck.

He said the award is a tribute to the work and dedication of the staff of the Ministries of Finance and the Ministry of Planning and Economic Affairs.

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