Singapore Prime Minister Lee Hsien Loong, after 20 years in office, has set his resignation for May 15, 2024.

Lawrence Wong, the Deputy Prime Minister and Finance Minister with unanimous lawmaker support, is set to succeed Lee as Prime Minister.

Wong, chosen as leader of the ruling party's 4G team, will be the second leader not from the Lee family since Singapore's independence.

Lee has been criticized for maintaining restrictive policies on media and public dissent, similar to those of his father and Singapore's founding leader, Lee Kuan Yew.

Despite controversy, under Lee's tenure, Singapore experienced significant economic growth, tripling its GDP per capita, and secured its status as a global investment hub.

The People's Action Party under Lee retained a super majority in 2020 elections but saw its worst performance yet.

The upcoming leadership transition is not affected by the COVID-19 pandemic and is intended to give Wong time to establish his mandate before the 2025 general elections.

Wong plans to implement reforms including unemployment assistance and better infrastructure for the elderly amidst ongoing concerns about Singapore's tight government control and human rights record.