OREANDA-NEWS. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today made the following statement on the death of Lee Kuan Yew, first Prime Minster of Singapore:

“It is with great sadness that I have learned of the passing of Lee Kuan Yew, Founding Father of Singapore. He was a visionary statesman whose uncompromising stand for meritocracy, efficiency and education transformed Singapore into one of the most prosperous nations in the world. His wisdom and leadership will be remembered by people all around the globe.

“On behalf of the International Monetary Fund, I extend our condolences to his family and the people of Singapore.”