John Rwangombwa Explained

John Rwangombwa
Alma Mater:Makerere University

Maastricht School of Management
Nationality:Rwandan
Citizenship:Rwanda
Governor of the
National Bank of Rwanda

John Rwangombwa is a Rwandan accountant, politician and banker. He is the governor of the National Bank of Rwanda, the central bank and national banking regulator.[1] He was appointed to that position on 25 February 2013.[2]

Background and education

Rangombwa studied at Makerere University, in Kampala, Uganda, graduating with a Bachelor of Commerce, majoring in accounting.[3] He also holds a Master of Business Administration, specializing in accounting, from the Maastricht School of Management in the Netherlands.[4]

Career

Rangombwa started at Rwanda Revenue Authority where he ascended to the rank of Deputy Commissioner of Customs for Operations, serving in that capacity from June 1998 until February 2002.[3] He joined the Ministry of Finance and Economic Planning in 2002 as the Director of the National Treasury Department. In 2005, he served as the first Accountant General in the ministry. Later that year, he was appointed Permanent Secretary and Secretary to the Treasury. In 2009 he became the Minister of Finance and Economic Planning.

On 25 February 2013, Rangombwa was appointed as Governor of the National Bank of Rwanda, the country's central bank.[5] In this capacity, he oversees the modernization of the bank's monetary policy framework, by targeting inflation and abandoning the targeting of monetary aggregate, in anticipation of the creation of the East African Currency Union.[6] In 2019, Rwanda's cabinet approved an extension of six years to Rwangombwa's term of as governor.[7]

Other responsibilities

See also

External links

Notes and References

  1. Web site: BNR: Governor. https://web.archive.org/web/20161011042317/http://www.bnr.rw/index.php?id=80. dead. 11 October 2016. 11 October 2016.
  2. Web site: Governance of the National Bank of Rwanda: Governor . 28 September 2016 . 28 September 2016 . National Bank of Rwanda (BNR). National Bank of Rwanda . Kigali.
  3. Web site: High-Level Symposium: Country-level experiences in coordinating and managing development cooperation : Biographies of Participants . PDF . 19 April 2007 . 2 October 2017 . United Nations (UN) . UN . Vienna.
  4. Web site: UNECA . United Nations Economic Commission for Africa: Biographies of Panelists . Addis Ababa . 28 September 2016 . 2012 . United Nations Economic Commission for Africa (UNECA) . 27 March 2019 . https://web.archive.org/web/20190327101424/https://www.uneca.org/pages/panelists-biographies . dead .
  5. Web site: 28 September 2016 . WEForum . John Rwangombwa: Governor, National Bank of Rwanda. 28 September 2016 . World Economic Forum (WEForum) . Geneva .
  6. Web site: Rwanda central bank to target inflation in policy regime. 11 June 2017 . 2 October 2017 . . Kabona . Esiara. Nairobi.
  7. Clement Uwiringiyimana (29 January 2019), Rwanda cabinet extends central bank governor's term by six years Reuters.
  8. http://www.imf.org/external/np/sec/memdir/members.aspx Members
  9. Web site: Rwanda: We have reached a turning point in the economy - Central Bank Governor . Honoré Banda . The Africa Report . Paris. 2 October 2017 . 14 February 2014.