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Central Bank Governor Professor Njuguna Ndung’u honoured in Washington
The Central Bank of Kenya Governor Prof Njuguna Ndung’u has been named the central bank governor of the year, Sub-Saharan African 2014.
The award by Emerging Markets (EM) Magazine is given each year, in recognition of the achievements of leading policy makers in emerging markets.
EM is an international news magazine reporting on economic analysis and commentary on economic policy, international economics and global financial markets, with a special focus on the emerging world.
Governor Ndung’u was nominated by a panel of renowned public and private sector economists, analysts, bankers, investors and other experts, in recognition of his stewardship of the Central Bank of Kenya.
The panel said the governor had inspired faith and confidence in central bank policy among key stakeholders, noting that his tenure at the Central Bank has been characterised by monetary policy and financial sector policies that have contributed to a supportive environment to growth.
In addition, the credibility of monetary policy has been enhanced by increased transparency in monetary policy formulation and implementation.
The award particularly recognises the Governor’s role in spearheading monetary policy measures which have been credible in fighting inflation and maintaining price stability during an era of global economic turbulence, championing financial inclusion initiatives and banking sector innovations. In the citation, EM said
The Award was presented to the Governor on 11th October, 2014, at the EM Annual Awards Reception held in Washington D.C., during this year’s World Bank/IMF Annual Meetings held in Washington D.C. USA.