Karnit Flug ranked among world’s top central bankers
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Karnit Flug ranked among world’s top central bankers

Bank of Israel governor, currently in Lima for global finance gathering, praised for meeting economic targets

Bank of Israel Governor Karnit Flug speaks during a press conference in Jerusalem on March 31, 2015. (Yonatan Sindel/Flash90)
Bank of Israel Governor Karnit Flug speaks during a press conference in Jerusalem on March 31, 2015. (Yonatan Sindel/Flash90)

Israel’s central bank governor Karnit Flug was ranked among the best central governors in the world by Global Finance magazine.

The Bank of Israel chief was one of only nine central bankers to earn the journal’s highest “A” rating, alongside the governors of the European Central Bank and the national banks of Taiwan, the Czech Republic, India, Peru, Paraguay, Philippines and Malaysia.

She was formally recognized for the achievement, first announced in September, at a ceremony Saturday night.

Flug is in Lima, Peru, leading a delegation of Israeli officials to the 2015 IMF-World Bank Annual Meetings in the Peruvian capital. At the gathering, Flug met with US Treasury Secretary Jack Lew and various central bankers from around the world, the Israel Hayom daily reports.

It was the second year in a row in which Flug stood at the top of the financial journal’s ranking of 74 central bankers, which gives them a grade between A and F. Flug was appointed Israel’s central bank governor in November 2013.

The Global Finance ranking rates the governors’ ability to meet targets for growth, inflation and currency stability, and interest rate policy management, the financial journal Globes reports.

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