Global Finance Magazine awards Lebanese Central Bank governor “A” Rating

The grading is based on an “A” to “F” scale for progress in areas, including but not limited to, inflation control, economic growth goals, currency stability and interest rate management.
by Christina Farhat

10 August 2019 | 11:48

Source: by Annahar

  • by Christina Farhat
  • Source: Annahar
  • Last update: 10 August 2019 | 11:48

This Tuesday, Jan. 22, 2019 file photo, a man heads to the Lebanese central bank, in Beirut, Lebanon. (AP Photo)

BEIRUT: Global Finance magazine released its Central Banker Report Cards in 2019. The report, released annually by Global Finance since 1994, grade the central bank heads of 94 countries in addition to the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Lebanon’s Central Bank governor Riad Salameh received an “A” grade for the second year in a row. Other countries' central bank governors receiving an “A” grade include Iceland, Morocco, Russia, and South Korea, amongst others.

The countries Cambodia,Gambia, Krygryzstan, Laos, Madagascar, Mauritania, Mauritius and Rwanda have been graded for the first time in the magazines history.

The grading is based on an “A” to “F” scale for progress in areas, including but not limited to, inflation control, economic growth goals, currency stability and interest rate management.

“Central bankers are facing the next potential recession with fewer arrows in their quivers and, in some quarters, unprecedented pressure on their independence,” said Global Finance publisher and editorial director Joseph Giarraputo. “With trade disputes and political instability gaining steam, nations look to central bank leaders to be steady hands on the world’s economic tillers, and this year’s top-rated bankers demonstrate just that kind of stable leadership, whether they are steering their nation through stormy times or battening the hatches with an eye to clouds on the horizon.”

All Central Banker Report Cards from 2019 will be published in Global Finance’s October issue.

Central bankers receiving an “A” or “A-“ grade will be honored at Global Finance’s 26th Annual Best Bank Award at the National Press Club in Washington DC in October during the World Bank/IMF Annual Meetings.

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