The Singapore Way

Source:McKinsey report: How the world's best performing school systems come out on top

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If Singapore has one thing to teach America, it is about taking governing seriously, relentlessly asking: What world are we living in and how do we adapt to thrive. “We’re like someone living in a hut without any insulation,” explained Tan Kong Yam, an economist. “We feel every change in the wind or the temperature and have to adapt. You Americans are still living in a brick house with central heating and don’t have to be so responsive.” And we have not been

Singapore helps Lao in PFM

Singapore’s best practices in treasury, tax and customs will be shared with senior policy makers and officials from Lao PDR in a two-year capacity-building programme supported by Temasek Foundation, Singapore Cooperation Enterprise and the World Bank, in partnership with the Ministry of Finance, Lao PDR. There will be policy roundtable discussions and workshops to enable the policy makers and treasury, tax and customs officers to acquire new knowledge and skills.

Ex-senior officials from the Inland Revenue Authority of Singapore, Singapore Customs and the Ministry of Finance of Singapore will be roped in to share their experience, and help Lao’s Ministry of Finance to adapt best practices in policies, systems and processes to the Lao context.

Temasek Foundation is supporting the programme with a S$1.15 million grant, with additional funding by World Bank at S$950,000

The Ministry of Finance of the Lao People’s Democratic Republic to Tap Into Singapore’s Expertise in Public Finance Modernisation and Governance;

This is the first ever tripartite collaboration between SCE, WB and Temasek Foundation. Increasing, International Organisations (IOs) have approached SCE to share Singapore’s developmental experience with their client countries.

Mr. Alphonsus Chia, Chief Executive Officer of SCE added: “We are happy that Singapore’s developmental experience has been recognised by International Organisations (IOs) like the World Bank and Temasek Foundation. SCE is pleased to partner the IOs to participate in more public sector led projects in this region. We hope that this programme will lead to more collaboration between Singapore and Lao PDR. Through greater understanding of the needs of the foreign governments and the types of expertise available, SCE hopes to contribute more meaningfully in development projects.”