Global Finance takes the world’s central bank governors to school in our annual “report cards” grading their economic stewardship.

Author: Anita Hawser, Gordon Platt

 THE “A” LIST

Country
Central Bank Governor
2016 Grade
2015 Grade

Paraguay

Carlos Fernández Valdovinos

A

A

Peru

Julio Velarde Flores

A

A

Russia

Elvira Nabiullina

A

B

United Kingdom

Mark Carney

A

B

Philippines

Amando Tetangco Jr.

A

A

Taiwan

Fai-Nan Perng

A

A

Israel

Karnit Flug

A

A

Lebanon

Riad Salamé

A

B+


 The Americas

Country
Central Bank Governor
2016 Grade
2015 Grade

Argentina

Federico Sturzenegger

B

N/A*

Bolivia

Marcelo Zabalaga Estrada

B+

B+

Brazil

Ilan Goldfajn

Too early to say

N/A*

Canada

Stephen Poloz

B-

B-

Chile

Rodrigo Vergara

B

B+

Colombia

José Darío Uribe Escobar

B+

A-

Costa Rica

Olivier Castro Pérez

B+

B

Ecuador

Diego Martinez

B

Too early to say

Guatemala

Julio Roberto Suárez

C

D

Mexico

Agustín Carstens

A-

B+

Paraguay

Carlos Fernández Valdovinos

A

A

Peru

Julio Velarde Flores

A

A

United States

Janet Yellen

A-

A-

Uruguay

Mario Bergara

B+

B

Venezuela

Nelson Merentes

F

D

*CB governor was graded in 2015, however, a different governor held the office.


 Europe

Country
Central Bank Governor
2016 Grade
2015 Grade

Belarus

Pavel Kallaur

C

Too early to say

Bulgaria

Dimitar Radev

B

Too early to say

Czech Republic

Jiri Rusnok

Too early to say

N/A*

Denmark

Lars Rohde

B+

B+

European Union

Mario Draghi

B+

A

Hungary

György Matolcsy

D

B

Iceland

Már Guðmundsson

B

B+

Norway

Øystein Olsen

B

B+

Poland

Adam Glapinski

Too early to say

N/A*

Romania

Mugur Isărescu

B

B

Russia

Elvira Nabiullina

A

B

Sweden

Stefan Ingves

B

B

Switzerland

Thomas Jordan

B

B+

Turkey

Murat Çetinkaya

Too early to say

N/A*

Ukraine

Valeria Gontareva

B+

C

United Kingdom

Mark Carney

A

B


 Asia

Country
Central Bank Governor
2016 Grade
2015 Grade

Australia

Philip Lowe

Too early to say

N/A*

Azerbaijan

Elman Rustamov

D

C

Bangladesh

Fazle Kabir

Too early to say

N/A*

China

Zhou Xiaochuan

C

C

Hong Kong

Norman Chan

B

B

India

Urjit Patel

Too early to say

N/A*

Indonesia

Agus Martowardojo

B

B-

Japan

Haruhiko Kuroda

B

B

Kazakhstan

Daniyar Akishev

C

N/A*

Malaysia

Muhammad Ibrahim

Too early to say

N/A*

New Zealand

Graeme Wheeler

B

B

Pakistan

Ashraf Mahmood Wathra

B

B-

Philippines

Amando Tetangco Jr.

A

A

Singapore

Ravi Menon

B-

B-

South Korea

Lee Ju-Yeol

B+

B

Sri Lanka

Indrajit Coomaraswamy

Too early to say

Too early to say**

Taiwan

Fai-Nan Perng

A

A

Thailand

Veerathai Santiprabhob

C

Too early to say

Uzbekistan

Fayzulla Mullajanov

C

C-

Vietnam

Le Minh Hung

Too early to say

N/A*


 Middle East & Africa

Country
Central Bank Governor
2016 Grade
2015 Grade

Algeria

Mohamed Loukal

Too early to say

N/A*

Angola

Valter Filipe da Silva

Too early to say

N/A*

Bahrain

Rasheed Al-Maraj

B-

B-

Botswana

Linah Mohohlo

B

B+

Egypt

Tarek Amer

C

N/A*

Ethiopia

Teklewold Atnafu

B

B+

Ghana

Abdul-Nashiru Issahaku

Too early to say

N/A*

Iraq

Ali Mohsen Ismail

C

N/A*

Israel

Karnit Flug

A

A

Jordan

Ziad Fariz

A-

B+

Kenya

Patrick Njoroge

B+

Too early to say

Kuwait

Mohammad Yousef Al-Hashel

B-

B-

Lebanon

Riad Salamé

A

B+

Morocco

Abdellatif Jouahri

A-

B+

Namibia

Ipumbu Shiimi

B

B

Nigeria

Godwin Emefiele

C

C

Oman

Hamood Sangour Al Zadjali

B

B+

Qatar

Abdullah Saud Al-Thani

B

B+

Saudi Arabia

Ahmed Alkholifey

Too early to say

N/A*

South Africa

Lesetja Kganyago

B

B+

Tunisia

Chedly Ayari

B

B-

Uganda

Emmanuel Tumusiime-Mutebile

C

B

United Arab Emirates

Mubarak Rashid Al Mansouri

B+

B

*CB governor was graded in 2015, however, a different governor held the office.
** Applied to a prior CB governor. 

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