RBI Governor Shaktikanta Das has been awarded an “A+” score by International Finance journal for the second consecutive 12 months, making him one among solely three central financial institution governors globally to obtain the highest score. Denmark’s Christian Kettel Thomsen and Switzerland’s Thomas Jordan have been the opposite two to earn this distinction.
International recognition for central financial institution management
International Finance journal’s “Central Banker Report Playing cards 2024” rated central financial institution governors primarily based on their efficiency in inflation management, financial progress, foreign money stability, and rate of interest administration. Das, alongside along with his friends from Denmark and Switzerland, was recognised for his distinctive management in navigating India’s financial challenges.
Prime Minister Modi’s reward
Prime Minister Narendra Modi congratulated Das on this achievement, stating, “This can be a recognition of his management on the RBI and his work in direction of guaranteeing financial progress and stability.” The accolade highlights Das’s position in guiding India’s financial coverage amid world financial uncertainties.
Rating standards
International Finance’s rankings consider central financial institution governors from over 100 nations and areas, together with particular entities just like the European Union and the Financial institution of Central African States. The rankings vary from “A+” to “F” primarily based on success in managing inflation, financial progress, foreign money stability, and rates of interest. The highest performers have been celebrated for his or her originality, creativity, and tenacity in addressing financial challenges.
Wider recognition
Different central financial institution chiefs receiving excessive rankings included these from Brazil, Chile, Mauritius, Morocco, South Africa, Sri Lanka, and Vietnam, all of whom earned “A” rankings. The report underscores the crucial position central bankers play in sustaining financial stability and progress worldwide.
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