John Rwangombwa

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]

John Rwangombwa
NationalityRwandan
CitizenshipRwanda
Alma materMakerere University
(Bachelor of Commerce)
Maastricht School of Management
(Master of Business Administration)
OccupationAccountant and Central Bank Governor
TitleGovernor of the
National Bank of Rwanda

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 util February 2002.[3] He then joined the Ministry of Finance and Economic Planning in 2002 as the Director of the National Treasury Department. In 2005, he served as 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

References
  1. "BNR: Governor". web.archive.org. 11 October 2016.
  2. National Bank of Rwanda (28 September 2016). "Governance of the National Bank of Rwanda: Governor". Kigali: National Bank of Rwanda (BNR). Retrieved 28 September 2016.
  3. UN (19 April 2007). "High-Level Symposium: Country-level experiences in coordinating and managing development cooperation : Biographies of Participants" (PDF). Vienna: United Nations (UN). Retrieved 2 October 2017.
  4. UNECA (2012). "United Nations Economic Commission for Africa: Biographies of Panelists". Addis Ababa: United Nations Economic Commission for Africa (UNECA). Retrieved 28 September 2016.
  5. WEForum (28 September 2016). "John Rwangombwa: Governor, National Bank of Rwanda". Geneva: World Economic Forum (WEForum). Retrieved 28 September 2016.
  6. Esiara, Kabona (11 June 2017). "Rwanda central bank to target inflation in policy regime". The EastAfrican. Nairobi. Retrieved 2 October 2017.
  7. Clement Uwiringiyimana (29 January 2019), Rwanda cabinet extends central bank governor's term by six years Reuters.
  8. Members International Monetary Fund (IMF).
  9. Honoré Banda (14 February 2014). "Rwanda: We have reached a turning point in the economy - Central Bank Governor". Paris: The Africa Report. Retrieved 2 October 2017.
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