Moroccan Abdellatif Jouahri ranks among the world's best central bank governors
The 2025 report by the American financial magazine Global Finance ranks Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), among the world's best central bank governors.
Jouahri received an ‘A’ rating, placing him as an international leader and making BAM the only Arab institution to achieve this distinction. The report evaluates central bank governors from 101 key countries, territories and regions, including the EU, the Eastern Caribbean Central Bank and the central banks of several African countries.
A well-deserved honour
Global Finance highlights that the award-winning governors, including Jouahri, have achieved remarkable results through independence, discipline and strategic vision, particularly in applying prudent monetary policies to combat inflation.
Jouahri's distinction in Global Finance's 2025 ranking reaffirms the soundness of Morocco's monetary policy and the international standing of its governor, as well as highlighting the country's economic stability, the rigour of its monetary governance and the greater confidence it inspires, both domestically and internationally.
This well-deserved recognition makes Morocco the only Arab nation represented among the best, and Bank Al-Maghrib the only central bank in the Arab world to have obtained an ‘A’ rating.
Furthermore, this is not the first time that Moroccan Governor Jouahri has received such recognition. In 2024, The Banker, an international financial affairs magazine owned by the Financial Times, named him Central Bank Governor of the Year for Africa.
However, the Global Finance award makes him the only governor in the Middle East and North Africa (MENA) region to be ranked among the best in the world, alongside high-profile figures such as Rosanna Costa of Chile, Perry Warjiyo of Indonesia and Kamau Thugge of Kenya.
In a global context marked by challenges linked to price stabilisation, Morocco's ranking among the world's best reflects the tangible results of governance carried out with independence, discipline and strategic foresight.
In this regard, Abdellatif Jouahri's distinction reflects his leadership within the continent's banking sector and his role in steering Morocco through a period of remarkable economic growth and resilience.
An internationally selective ranking
In today's world, where central bankers are working hard to combat inflation, the report evaluates the governors of central banks in 101 key countries, territories and regions, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.
A global benchmark since 1994, this ranking rates governors on a scale from ‘A’ for excellent performance to ‘F’ for significant failure, considering their performance in controlling inflation, supporting economic growth, maintaining monetary stability and managing interest rates.
With an ‘A’ rating, Morocco stands out for its excellent performance according to Global Finance's criteria, which include inflation control, economic growth, monetary stability and prudent interest rate management.
Alongside Abdellatif Jouahri, other central bankers have received the highest rating, including Rosanna Costa of Chile, Roger Madrigal López of Costa Rica, Perry Warjiyo of Indonesia, Richard Byles of Jamaica, Kamau Thugge of Kenya, Carlos Carvallo Spalding of Paraguay, Julio Velarde Flores of Peru, and Nandalal Weerasinghe of Sri Lanka.
Founded in 1987, Global Finance distributes 50,000 copies in 185 countries, covering topics such as corporate finance, mergers and acquisitions, capital markets, foreign exchange, banking, and risk management.
Who is Abdellatif Jouahri?
After completing his higher education in law and finance, Abdellatif Jouahri worked at Bank Al-Maghrib between 1962 and 1978, where he held various management positions, including those in Inspection, Human Resources, Bank Control and Credit Management.
In 1978, he was appointed Minister Delegate to the Prime Minister in charge of public enterprise reform before heading the Finance Department between 1981 and 1986. From 1986 to 1995, Jouahri was Chief Executive Officer of the Moroccan Foreign Trade Bank (BMCE) and Chairman of the Professional Association of Moroccan Banks (GPBM).
Between 1995 and 2002, he worked as an international consultant, particularly for international organisations such as the International Monetary Fund (IMF), the Inter-American Development Bank (IDB) and the Arab Fund for Economic and Social Development (AFESD). Subsequently, between 2002 and 2003, he initiated the reform of the Moroccan Interprofessional Pension Fund (CIMR), of which he was chairman and CEO for a second time after a first term between 1991 and 1995.
In April 2003, he was appointed Wali of Bank Al-Maghrib by King Mohammed VI. In parallel with his duties at the Central Bank, Jouahri chairs the following bodies: Supervisory Board of the Deposit and Management Fund, Casablanca Finance City Authority (CFCA), Board of Trustees of Al-Akhawayn University, Moroccan Foundation for Financial Education (FMEF), Moroccan Observatory of SMEs and Moroccan Centre for Banking Mediation (CMMB).
Abdellatif Jouahri is also a member of the Steering Committee of the Royal Institute for Strategic Studies (since November 2007), the Economic, Social and Environmental Council (since February 2011), as well as the Higher Council for Education, Training and Scientific Research (since July 2014), a member of the Advisory Committee on Regionalisation (2010) and a member of the High Authority for National Dialogue on Justice Reform (2012).
In June 2018, Jouahri was appointed by the Moroccan sovereign as a member of the Board of Directors of the Mohammed V Foundation for Solidarity and, in May 2019, as chairman of the evaluation body of the privatisation authority.
