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Global Finance Magazine Grades the World's Top Central Bankers 2012
New York, August 23, 2012 - Global Finance magazine has named the heads of the Central Banks of six countries as the World's Best Central Bankers over the past year.
The "Central Banker Report Card" feature, published annually by Global Finance since 1994, grades Central Bank Governors of 50 key countries (and the ECB) 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.
Global Finance publisher Joseph Giarraputo says: "During one of the toughest years on record, the World's Central Bankers were tested as never before. Every year, we assess the determination of Central Bankers to stand up to political interference, and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services. "
For editorial information please contact: Andrea Fiano, editor, email: afiano@gfmag.com
Those Central Bankers scoring an "A" in the report published in the October issue of Global Finance include:
Australia | Glenn Stevens | A |
Canada | Mark Carney | A |
Israel | Stanley Fischer | A |
Malaysia | Zeti Akhtar Aziz | A |
Philippines | Amando Tetangco Jr. | A |
Taiwan | Fai-Nan Perng | A |
CENTRAL BANKER REPORT CARDS 2012
Country | Central Bank Governors |
Grade 2012 |
Grade 2011 |
Argentina | Mercedes Marcó del Pont |
D |
D |
Brazil | Alexandre Tombini | B | B+ |
Canada | Mark Carney | A | B+ |
Chile | Rodrigo Vergara | B+ | * |
Colombia | José Dario Uribe Escobar | B | N/A** |
Ecuador | Pedro Delgado | D | N/A** |
Mexico | Agustin Carstens | B+ | B |
Peru | Julio Velarde Flores | B | N/A** |
United States | Ben Bernanke | B | C |
Country | Central Bank Governors |
Grade 2012 |
Grade 2011 |
Belarus | Nadezhda Ermakova | C | N/A** |
Czech Republic | Miroslav Singer | B | B |
ECB | Mario Draghi | B- | * |
Hungary | András Simor | C | C |
Norway | Øystein Olsen | B | Too early to say |
Poland | Marek Belka | B- | B |
Russia | Sergei Ignatiev | B+ | B |
Sweden | Stefan Ingves | B | B+ |
Switzerland | Thomas Jordan | Too early to say | * |
Turkey | Erdem Başçi | B | Too early to say |
Ukraine | Serhiy Abruzov | B | N/A** |
United Kingdom | Mervyn King | B- | B |
Country | Central Bank Governors |
Grade 2012 |
Grade 2011 |
Australia | Glenn Stevens | A | A |
Bangladesh | Atiur Rahman | C | N/A** |
China | Zhou Xiaochuan | B- | B |
India | Duvvuri Subbarao | C | B- |
Indonesia | Darmin Nasution | B | B |
Japan | Masaaki Shirakawa | C- | C |
Kazakhstan | Grigori Marchenko | B+ | N/A** |
Malaysia | Zeti Akhtar Aziz | A | A |
New Zealand | Alan Bollard | B | B |
Philippines | Amando Tetangco Jr. | A | A |
Singapore | Ravi Menon | B- | B |
South Korea | Kim Choongsoo | C | C |
Sri Lanka | Ajith Nivard Cabraal | B | N/A** |
Taiwan | Fai-Nan Perng | A | A |
Thailand | Prasarn Trairatvorakul | B+ | B+ |
Vietnam | Nguyen Van Binh | C | N/A** |
Country | Central Bank Governors |
Grade 2012 |
Grade 2011 |
Algeria | Mohammed Laksaci | C | N/A** |
Angola | José de Lima Massano | B | B |
Bahrain | Rasheed Mohammed Al-Maraj | B | B- |
Ethiopia | Teklewold Atnafu | C | N/A** |
Israel | Stanley Fischer | A | A |
Kenya | Njuguna Ndung’u | B | N/A** |
Kuwait | Mohammad Yusef Al-Hashel | Too early to say | * |
Lebanon | Riad Salameh | C | A |
Morocco | Abdellatif Jouahri | B- | N/A** |
Nigeria | Sanusi Lamido Sanusi | B+ | B+ |
Qatar | Saud Al-Thani | B | * |
Saudi Arabia | Fahad Al-Mubarak | B+ | * |
South Africa | Gill Marcus | C | C |
United Arab Emirates | Sultan Nasser Al-Suweidi | B | N/A* |
*CB governor was rated in 2011, however, a different governor held the office.
**New country addition to Central Bank Report Cards in 2012, therefore no grade was given in 2011.