Taipei, Sept. 1 (CNA) Yang Chin-long (楊金龍), governor of the Central Bank of Republic of China (Taiwan), has earned the fourth "A" grade of his career, in an annual report issued by the New York-based Global Finance magazine.
In the Central Banker Report Cards 2023 released by Global Finance overnight, Yang was listed among eight central bankers in the world who received an A grade, the magazine said in a statement.
Commenting Friday on his grade, Yang said it was the result of the efforts made by the government and people of Taiwan, as well as his colleagues at the central bank.
This year's Central Banker Report Cards, published annually by Global Finance since 1994, graded the central bank governors of 101 key countries, territories and districts in the world, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.
Grades are awarded on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management, with an "A" representing an excellent performance and an "F" signifying outright failure, according to Global Finance.
Yang, who has been working at Taiwan's central bank since 1989 and became its governor in 2018, received an "A" grade in the annual central banker report in 2019, 2020 and 2022, and an "A-" in 2021.
His predecessor Perng Fai-nan (彭懷南) has the distinction of being the only central banker in the world to have earned the top grade 14 times, gaining straight A's from 2005-2017.
On the Global Finance 2023 report card, the other central bankers who earned a grade "A" are Brazil's Roberto Campos Neto, Israel's Amir Yaron, Mauritius's Harvesh Kumar Seegolam, New Zealand's Adrian Orr, Paraguay's Jose Cantero Sienra, Peru's Julio Velarde and Uruguay's Diego Laba, according to the 2023 report.
At the top of the class, three central bankers -- India's Shri Shaktikanta Das, Switzerland's Thomas J. Jordan and Vietnam's Nguyen Thi Hong -- received an "A+" grade this year, the report showed.
According to Global Finance, 10 central bankers earned an "A-" grade in 2023. They are Colombia's Leonardo Villar, Dominican Republic's Hector Valdez Albizu, Iceland's Asgeir Jonsson, Indonesia's Perry Warjiyo, Mexico's Victoria Rodriguez Ceja, Morocco's Abdellatif Jouahri, Norway's Ida Wolden Bache, South Africa's Lesetja Kganyago, South Korea's Rhee Changyong and Sri Lanka's Nandalal Weerasinghe.
Federal Reserve Chair Jerome Powell of the United States, who received a "B+" grade last year, did not appear on the "A" to "A-" list in the 2023 report card.
