At last month’s IMF/World Bank meeting, amid the rococo splendour of Prague’s Kaunicky Palace, Padraic Fallon, chairman of Euromoney Institutional Investor, presented the annual finance minister of the year award to Slovakia’s Brigita Schmögnerová and the central bank governor of the year award to Turkey’s Gazi Ercel.
Schmögnerová has been heavily criticized at home, even by members of her own party, for forcing through tough measures – including a public sector wage freeze, cuts in public spending and energy price liberalization – which were urgently needed to stabilize Slovakia’s finances and reduce its fiscal and current account deficits.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
