President Tharman to receive MIT award for his leadership in global financial policy

President Tharman Shanmugaratnam will be receiving an award from an American research centre in recognition of his leadership in international financial policy.

- Samuel Devaraj Correspondent

The Massachusetts Institute of Technology (MIT) Golub Center for Finance and Policy is awarding Mr Tharman the Miriam Pozen Prize, the MIT Sloan Office of Communications said on Nov 25. He will be the third recipient of the biennial prize.

Mr Tharman will deliver the Miriam Pozen Lecture at an award ceremony on Dec 9 at the MIT Sloan School of Management.

He will receive a $200,000 prize, and a fellowship named in his honour will also be awarded to an incoming MIT Sloan Master of Business Administration student, to be selected in 2026. The President's Office said Mr Tharman will be donating the prize money to charity.

Mr Tharman’s work in this area has spanned decades. Over more than 20 years in politics, his roles included senior minister, coordinating minister for social and economic policies, deputy prime minister as well as finance and education minister.