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