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Marchenko among world's top central bankers

14 september 2012, 17:59
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Gregory Marchenko. Photo by Vladimir Dmitriyev©
Gregory Marchenko. Photo by Vladimir Dmitriyev©
Head of Kazakhstan National Bank Gregory Marchenko got into the list of the most successful managers of the central banks, KTK reports. He was graded B+ on A to F scale where A represents an excellent performance down through F for outright failure.

Global Finance magazine made its 2012 rating of heads of Central Banks of 50 countries. The list was made based on the bankers’ success in the areas like inflation control, economic growth, currency stability and interest rate control.

Global Finance magazine has named the heads of the Central Banks of six countries as the World's Best Central Bankers over the past year. Those Central Bankers scoring an "A" in the report published in the October issue of Global Finance include: Australia's Glenn Stevens, Canada's Mark Carney, Israel's Stanley Fischer, Malaysia's Zeti Akhtar Aziz, Philippines' Amando Tetangco Jr., Taiwan's Fai-Nan Perng.

Kazakhstan's Grigori Marchenko was graded B+ which put him only half a grade behind his A-graded counterparts. According to this assessment, Marchenko is ahead of his colleagues from Singapore, South Korea, Japan and the U.S. This is the first time Marchenko got into the rating.

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. Subjective criteria also apply.

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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