CBSL Governor wins A Grade in Global Finance Report Card 2024

Friday, 23 August 2024 00:28 - - {{hitsCtrl.values.hits}}

CBSL Governor Nandalal Weerasinghe

Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has received the second highest Grade “A” in the influential magazine Global Finance’s Report Card 2024.

Dr. Weerasinghe is grouped in the A Grade list along with Brazil Central Bank Governor Roberto Campos Neto, Chile’s Rosanna Costa, Mauritius’ Harvesh Kumar Seegolam, Morocco’s Abdellatif Jouahri, South Africa’s Lesetja Kganyago and Vietnam Nguyen Thi Hong.

Grading A represents an excellent performance in areas such as inflation control, economic growth, currency stability and interest rate management.

Those who won A+ Grade in The Global Finance’s Central Banker Report Card 2024 are Denmark’s Christian Kettel Thomsen, India’s Shaktikanta Das and Switzerland’s Thomas Jordan.

The full Central Banker Report Cards 2024 grade list will appear in Global Finance’s October print and digital editions as well as online at GFMag.com. The other Grade is “A-” and the recipients are Cambodia’s Chea Serey, Canada’s Tiff Macklem, Costa Rica’s Roger Madrigal Lopez, Dominican Republic’s Héctor Valdez Albizu, European Union’s Christine Lagarde, Guatemala’s Alvaro Gonzalez Ricci, Indonesia’s Perry Warjiyo, Jamaica’s Richard Byles, Jordan’s Adel Al-Sharkas, Mongolia’s Byadran Lkhagvasuren, Norway’s Ida Wolden Bache, Peru’s Julio Velarde Flores, Philippines’ Eli Remolona, Sweden’s Erik Thedéen and USA Jerome Hayden Powell.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 100 key countries, territories and districts, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Grades are based 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.)

“Central bankers have waged war against inflation over the past few years, wielding their primary weapon: higher interest rates. Now, countries around the world are witnessing the tangible results of these efforts, as inflation has dropped significantly,” said Global Finance Founder and Editorial Director Joseph Giarraputo. “Global Finance’s annual Central Banker Report Cards honour those bank leaders whose strategies outperformed their peers through originality, creativity and tenacity.”