NEW YORK, August 24, 2015 — Global Finance magazine has named the heads of the Central Banks of the Czech Republic, the European Union, India, Israel, Malaysia, Paraguay, Peru, the Philippines, and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of a prestigious “A” grade on Global Finance’s Central Banker Report Cards.
In addition, the Central Bankers of Colombia, Saudi Arabia and the United States earned “A-” grades.
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 75 key countries (and the European Union) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance down through “F” for outright failure.) Subjective criteria also apply. This year, 5 central banks are being graded for the first time (Botswana, Iceland, Namibia, Paraguay and Uganda).
Global Finance publisher and editorial director Joseph Giarraputo notes, “Global economies are starting to recover. This comes despite a number of challenges, including a strengthening US dollar and the end of the Federal Reserve’s easy money policy. Central bankers remain crucial in overcoming these hurdles. Sound monetary policies can dampen the effects of currency swings and rising interest rates—and thus spur economic growth. As our scores show, some central banks have fared better than others in devising such policies. Our grades also reflect the willingness of central bankers to stand up to political interference as well as their ability to influence government policies on spending and foreign investment.”
The full Central Banker Report Cards 2015 report will be published in the October issue of Global Finance.
|The Central Bankers earning an “A” rating in the Global Finance Central Banker Report Card feature publishing in the October issue are:
Zeti Akhtar Aziz
Carlos Fernandez Valdovinos
Julio Velarde Flores
Amando Tetangco Jr.
|The Central Bankers earning an “A-” rating are:
José Dario Uribe Escobar
Full Listing | 2015 Central Banker Report Cards
|Bolivia||Marcelo Zabalaga Estrada||B+||B|
|Colombia||José Dario Uribe Escobar||A-||A-|
|Costa Rica||Olivier Castro Pérez||B||B|
|Ecuador||Diego Martinez||Too early to say||B-|
|Guatemala||Julio Roberto Suarez||D||N/A*|
|Paraguay||Carlos Fernandez Valdovinos||A||N/A**|
|Peru||Julio Velarde Flores||A||B+|
|United States||Janet Yellen||A-||Too early to say|
|Belarus||Pavel V. Kallaur||Too early to say||N/A*|
|Bulgaria||Dimitar Radev||Too early to say||N/A*|
|Czech Republic||Miroslav Singer||A||B+|
|European Union||Mario Draghi||A||A-|
|Ukraine||Valeria O. Gontareva||C||Too early to say|
|United Kingdom||Mark Carney||B||B-|
|Hong Kong||Norman Chan||B||B|
|Malaysia||Zeti Akhtar Aziz||A||A|
|New Zealand||Graeme Wheeler||B||B|
|Pakistan||Ashraf Mahmood Wathra||B-||Too early to say|
|Philippines||Amando Tetangco Jr.||A||A|
|South Korea||Lee Ju Yeol||B||Too early to say|
|Sri Lanka||Arjuna Mahendran||Too early to say||N/A*|
|Thailand||Veerathai Santiprabhob||Too early to say||N/A*|
|Vietnam||Nguyen Van Binh||B-||B-|
Middle East & Africa
|Angola||José Pedro de Morais||Too early to say||N/A*|
|Bahrain||Rasheed Mohammed Al Maraj||B-||B-|
|Ghana||Henry Kofi Wampah||C||C|
|Iraq||Abdul Basit Turki||C||B-|
|Kenya||Patrick Njoroge||Too early to say||N/A*|
|Kuwait||Mohammad Yusuf Al-Hashel||B-||B+|
|Nigeria||Godwin Emefiele||C||Too early to say|
|Oman||Hamood Sangour Al Zadjali||B+||B|
|Qatar||Abdullah Saud Al-Thani||B+||B|
|Saudi Arabia||Fahad al-Mubarak||A-||A|
|South Africa||Lesetja Kganyago||B+||N/A*|
|United Arab Emirates||Mubarak Rashid Al Mansouri||B||N/A*|
* Central Bank governor was graded in 2014, however a different governor held the office.
** New country addition to the Central Bank Report Cards in 2015, therefore no grade was given in 2014.
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About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.