He also served as the chair of the Cabinet Economic Development Cluster and member of the Monetary Board of the Bangko Sentral ng Pilipinas.

[2][3][4] Purisima is a multi-awarded finance minister, recognized 7 times in 6 consecutive years by various international institutions for turning the Philippine economy around and restoring investor confidence.

[citation needed] Together with members of the Hyatt 10, Purisima founded the International Center for Innovation, Transformation and Excellence in Governance (INCITEGov) as a trustee.

[10] Under the Aquino administration, the Philippines has also been enjoying strengthening investor and consumer confidence, upgraded to a notch above investment grade by Standard & Poor's and to investment grade by Moody's, Fitch, the National Information and Credit Evaluation (NICE) Investors Service, and the Japan Credit Rating Agency.

[12] Purisima helped President Aquino achieve a strong fiscal position for the Philippines by cracking down on corruption, plugging revenue leakages, and strengthening tax administration and enforcement capabilities.

Towards the end of his tenure, Purisima sought to ensure a smooth transition process at the Department of Finance, welcoming his successor former Secretary of Agriculture and of Environment & Natural Resources Carlos G. Dominguez III.

Purisima also turned over a manual of key information and an economic data bank, as well as renovated the 5th and 6th floors of the agency's headquarters for the incoming Secretary's perusal.

Purisima and Dominguez both had their teams working closely for a whole month coordinating an orderly transition for the latter to hit the ground running on day one.

Purisima chaired the inaugural meeting of the V20 in Lima, Peru, announcing a series of actions to foster greater investment in climate resiliency and low emissions development both in their home countries and internationally.

[25] In the inaugural meeting Purisima chaired, all 20 members agreed to establish a sovereign V20 Climate Risk Pooling mechanism to distribute economic and financial risks, enabling participating economies to improve recovery from climate-induced extreme weather events and disasters and to ensure enhanced security for jobs, livelihoods, businesses and investors.

[25] Modeled on similar regional facilities, the trans-regional mechanism would increase access to dependable and cost-efficient insurance while incentivizing scaled-up adaptation.

Purisima was first recognized by London-based financial news source Emerging Markets as 2011 Finance Minister of the Year for Asia for his strong policy track record and steadfast commitment to maintaining economic stability.

[28] He was once again the choice of Emerging Markets for 2013 Finance Minister of the Year for Asia for his success in steering an economic policy that has led to upgrades in the Philippines’ credit rating to investment grade.

[33] In 2016, he was given a repeat award by FinanceAsia — Finance Minister of the Year 2015 being his second consecutive recognition by the publication —marking the completion of the economic turnaround of the Philippines.

[40] On 24 June 2016, Purisima was awarded the Order of Lakandula with the rank of Grand Cross (Bayani) by President Aquino for his contributions in driving the Philippine turnaround story.