23 August 2024 12:23 am Views - 117
| Dr. Nandalal Weerasinghe |
Central Bank Governor Dr. Nandalal Weerasinghe has been awarded an “A” grade in the Global Finance’s 2024 Central Banker Report Cards, an international recognition that honours Central Bank leaders whose exceptional strategy and leadership has outperformed their global peers.
Dr. Weerasinghe has been listed as one of only seven central bankers to have achieved the rating globally, reflecting his performance during the period of significant economic challenges in Sri Lanka.
“The ‘A’ grade highlights the governor’s success in key areas such as inflation management, economic growth, currency stability, and interest rate control. This recognition reflects the governor’s leadership and strategic expertise in navigating our nation’s economy through challenging times” the CBSL said in a statement on X.
The Central Banker Report Cards, published annually by Global Finance since 1994, assess the performance of central bank governors from nearly 100 countries, territories, and districts, as well as regional entities like the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.
Grades are assigned on an ‘A+’ to ‘F’ scale, with ‘A’ representing excellent performance and ‘F’ signifying outright failure. The grades are based on the governors’ success in controlling inflation, achieving economic growth goals, maintaining currency stability and managing interest rates. (NR)