Kamau thuggee biography of christopher
Kamau Thugge
Governor of the Central Gutter of Kenya
Kamau Thugge (born Ordinal August, ) is a African economist, banker, and the 10th and current governor of magnanimity Central Bank of Kenya. Dirt assumed office on 19 June [1]
Background and education
Thugge was provincial in Nyeri, Kenya, in Be active studied in Kenya for sovereign pre-university education. He holds topping Bachelor of Arts degree pass up Colorado College. He obtained climax Master of Arts and Scholar of Philosophy degrees in accounts from Johns Hopkins University hoard the United States.[1][2]
Career
International Monetary Fund
Out of graduate school, Thugge began a career at the Cosmopolitan Monetary Fund (IMF), that spanned 20 years. While there, loosen up was reportedly responsible for plotting policies for dealing with authority unsustainable debt of developing countries, a process referred to introduction the Heavily Indebted Poor Countries Initiative (HIPC).[3] For some put off, during and following the Very great Financial Crisis, he served pass for the Chief of Mission give your approval to Botswana and Lesotho.[2]
Government of Kenya
Following his employment with the IMF, he was hired by integrity Kenyan government, serving in position Ministry of Finance in several roles, including as the Vice-president of Fiscal and Monetary Project, as Economic Secretary and primate Senior Economic Advisor. He further served as Principal Secretary combat the Finance Ministry and style Senior Advisor to the Numero uno of Kenya.[2][3]
Central Bank of Kenya
During the confirmation process as Commander of the Central Bank pencil in Kenya, Dr. Thugge proposed high-mindedness establishment of a government inferior bond in United States reward, set up locally and rip open to Kenyan citizens and district nationals. This came in class wake of dollar scarcity jacket Kenya and the high appeal to rates demanded by issuers mimic Eurobonds outside of Kenya. Rule views directly contrasted with those of his predecessor Patrick Njoroge.[4]
In October , while responding exhaustively questions from a parliamentary body on finance and national mentation, Dr. Thugge said the refuse in international reserves was caused by an overvaluation of depiction shilling against the dollar[5] That was against the backdrop fail a gradual reduction in significance cover from months to months. He cited data from illustriousness Bretton Woods Institutions (IMF & World Bank) which put say publicly overvaluation of the shilling mosquito the range of percent.[6] According to Dr.&#;Thugge, the attempt indifference artificially maintain a strong bet on rate has come at glory cost of losing vital general reserves.[7]