Governor of the Bank of Mongolia, B. Lkhagvasuren Receives “A-” Rating Certificate from Global Finance

The Annual Meetings of the International Monetary Fund (IMF) and the World Bank took place in Washington, D.C., USA, from 14 to 18 October 2025, with the participation of the Governor of the Bank of Mongolia and senior officials. During the meeting, Global Finance, a globally renowned financial publication, presented certificates to central bank leaders listed among the top performers in its Central Banker Report Cards 2025.

Governor B. Lkhagvasuren of the Bank of Mongolia received an "A-" rating, placing him among the world's leading central bank governors, and was presented with the ofiicial certificate at the ceremony.

According to the Central Banker Report Cards 2025 assessment:

"Since 2019, B. Lkhagvasuren has led the Bank of Mongolia, successfully steering the economy of a country highly reliant on mining and vulnerable to harsh climatic conditions through various challenges. According to the Asian Development Bank (ADB), growth in the mining and agriculture sectors is expected to support Mongolia's economy, with GDP forecast to reach 6.6 percent in 2025. GDP growth reached 5.6 percent in the second quarter of 2025, a strong rebound from 2.4 percent in the first quarter. Inflation fell to 8.1 percent in July, the lowest in eight months, reflecting the impact of the Bank of Mongolia's 2 percentage point policy rate increase in March to 12 percent. As the Bank of Mongolia aims to bring inflation towards its medium-term target of 5 percent, the likelihood of further rate cuts this year remains low."

Governor B. Lkhagvasuren also received an "A-" rating in 2024, ranking among the top 15 central bank governors globally, and has successfully reaffirmed this recognition in 2025.

The Central Banker Report Cards, published annually since 1994, evaluate the performance of central bank governors from over 100 countries based on the following criteria, with ratings ranging from A+ to F-:

• Fulfillment of the central bank's mandates
• Support for economic growth and financial stability
• Maintenance of price and exchange-rate stability
• Safeguarding central bank independence

In the 2025 edition, leaders from 26 countries earned ratings of A+, A, or A-, placing them among the world's top central bankers. Among them, 14 governors, including the President of the European Central Bank Christine Lagarde, the Managing Director of the Monetary Authority of Singapore Chia Der Jiun, and the Governor of the Czech National Bank Aleš Michl, received an "A-" rating alongside Governor Lkhagvasuren.