Accepting Their Awards
Forrester, Morag, Global Finance
Four central bankers are lauded in Hongkong as the best in the world.
At the joint IMF/World Bank annual meeting in Hongkong late in September, Global Finance held its first ceremony to hand out awards to some of the world's top central bankers.
Specifically, awards were given out at a select gathering at the Conrad International Hotel to central bank chiefs who earned an A or A- in the September issue's annual "Central Banker Report Cards." Four of the six winners were able to accept their awards in person from the magazine's principal owner (and now editor in chief), Paolo Panerai, and Global Finance publisher Joseph D. Giarraputo. The central bankers present at the ceremony-along with their respective delegations-were Spain's Luis Angel Rojo, Hungary's Gyorgi Suranyi, Poland's Hanna Gronkiewicz-Waltz, and Ukraine's Viktor A. Yushchenko.
"I'm an old winner," remarked 63year-old Rojo, who won an A for the third consecutive year. He stressed that central bank independence is essential, "but in Spain, I think there has been a joint effort by the finance ministry and the Banco de Espana to fulfill the Maastricht criteria. As a result there has been a move forward not only in the field of monetary policy but also in fiscal policy, and that, I think, has been very important."
Suranyi, who heads Magyar Nemzeti Bank and who won an A for the second year in a row, also emphasized the importance of working with (but not for) politicians. "I really share the view that the central bank cannot achieve anything alone," he said. …