Global Finance magazine published the ranking of world’s top central bankers. Nadzieja Jermakova, the Chairperson of the National Bank of the Republic of Belarus, is in the company of the worst of them.
“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,” the magazine writes.
The leaders among the worst is Argentina’s Mercedes Marcó del Pont and Ecuador’s Pedro Delgado rated ‘D’. They are followed by Japan (‘C-’), India (‘C’), Hungary (‘C’), South Korea (‘C’), Belarus (‘C’), South Africa (‘C’), Vietnam (‘C’) and Lebanon (‘C’).
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.”
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