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Rabat – Abdellatif Jouahri, governor of Morocco’s central bank Bank Al-Maghrib (BAM), has received a grade of A- from Global Finance magazine in their latest Central Banker Report Cards.
The report cards, published annually by the outlet since 1994, grade the governors of central banks in 101 key countries, including ones in Europe, Africa, and other corners of the world.
It takes into account the governors’ success in several key areas including inflation control, meeting economic growth goals, providing currency stability, as well as interest rate management.
BAM was the only bank from the Arab World to make it onto the list.
Among the other governors to receive a similar A- grade are Colombia’s Leonardo Villar, Norway’s Ida Wolden Bache, South Africa’s Lesetja Kganyago, and South Korea’s Rhee Changyong.
“Fighting inflation, which has been fueled by pent-up demand and disrupted supply chains, has everyone turning to their central bankers for help,” said Global Finance editorial director Joseph Giarraputo in a press release. “Global Finance’s annual Central Banker Report Cards celebrate those bank governors whose strategies outperformed their peers through originality, creativity and tenacity.”
Jouahri took over the role of BAM governor in 2003, and has since then enacted several measures to ensure the macroeconomic stability of Morocco, prioritizing price stability and inflation management.
His performance has particularly come through in recent years as Morocco has weathered several global economic storms including the fallouts from the COVID-19 pandemic and the Russia-Ukraine war.
In the 2022 edition of the ranking, Jouahri also secured a place among the top 20 global central bank governors and was one of only three African central bankers to achieve the distinction.
