Media Releases
Published Date: 23 November 2005

MAS-ESS Essay Competition 2005

Singapore, 23 November 2005...The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) launched the fifth MAS-ESS Essay Competition. The title of this year's competition is "Asia's Role in the Global Economy and the International Financial System". This topic is especially relevant as Singapore will host the Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank Group in 2006.  With the Annual Meetings being held in Asia for the first time in nearly a decade, Singapore as host intends to bring a special focus on regional financial and developmental issues.

2  Essays should discuss on the role of Asia in the global economy and international financial fora such as the International Monetary Fund, the World Bank, and the G7, against the changing economic landscape of Asia. In particular, essays should examine how Asia can take on greater responsibilities commensurate with its growing economic weight and the necessary changes in the international financial system to enable Asia to play a more effective role.

3  The essay competition will run for three months from today. The following prizes will be awarded to the three best essays in the two categories:

University category

Pre-University category

First Prize



Second Prize



Third Prize



First prize winners will also be given the opportunity of an internship with MAS.

4   The terms and Conditions as well as entry forms for the MAS-ESS Economic Essay Competition is available on the MAS ( and ESS ( ) websites. Hard copies can be collected from the security counter at the MAS building. The closing date for the submission of entries is 23 February 2006.