GLOBAL Finance magazine has named Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. as one of the World’s Best Central Bankers over the past year.
The magazine also named the heads of the central banks of India, Israel, Malaysia, Saudi Arabia, Switzerland and Taiwan, along with Tetangco, as the World’s Best Central Bankers for getting an “A” grade on Global Finance’s Central Banker Report Cards.
The Central Banker Report Cards, published annually by Global Finance since 1994, grades central bank governors of nearly 70 key countries on an “A” to “F” scale, evaluating their success in areas such as inflation control, economic growth goals, currency stability and interest rate management.
Global Finance explained that “A” represents an excellent performance, while “F” represents outright failure. Subjective criteria also apply. This year, 17 central banks are being graded for the first time, it said.
“Global economies are starting to recover despite rising geopolitical risk in certain markets. Central bankers once again face challenging times in managing monetary policy to positively influence economic stability and growth—and some of the changes in our scores this year reflect those challenges,” Global Finance publisher and editorial director Joseph Giarraputo said.
Giarraputo added that every year, the magazine assesses 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.
Founded in 1987, Global Finance has a circulation of 50,050 and readers in 180 countries, with an audience that includes chairmen, presidents, chief executive officers, chief financial officers, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.