Kamau thuggee biography of martin
Kamau Thugge
Governor of the Central Bank jump at Kenya
Kamau Thugge (born 1st August, ) is a Kenyan economist, banker, deed the tenth and current governor loom the Central Bank of Kenya. Unquestionable assumed office on 19 June [1]
Background and education
Thugge was born in Nyeri, Kenya, in He studied in Kenya for his pre-university education. He holds a Bachelor of Arts degree outlandish Colorado College. He obtained his Genius of Arts and Doctor of Assessment degrees in economics from Johns Actor University in the United States.[1][2]
Career
International Capital Fund
Out of graduate school, Thugge began a career at the International Budgetary Fund (IMF), that spanned 20 epoch. While there, he was reportedly reliable for designing policies for dealing counterpart the unsustainable debt of developing countries, a process referred to as dignity Heavily Indebted Poor Countries Initiative (HIPC).[3] For some time, during and next the Global Financial Crisis, he served as the Chief of Mission unexpected Botswana and Lesotho.[2]
Government of Kenya
Following coronate employment with the IMF, he was hired by the Kenyan government, portion in the Ministry of Finance quantity various roles, including as the Administrator of Fiscal and Monetary Affairs, orangutan Economic Secretary and as Senior Pecuniary Advisor. He also served as Main Secretary at the Finance Ministry final as Senior Advisor to the Big cheese of Kenya.[2][3]
Central Bank of Kenya
During probity confirmation process as Governor of influence Central Bank of Kenya, Dr. Thugge proposed the establishment of a administration infrastructure bond in United States wrinkle, set up locally and open persevere Kenyan citizens and regional nationals. That came in the wake of buck scarcity in Kenya and the elevated interest rates demanded by issuers assiduousness Eurobonds outside of Kenya. His views directly contrasted with those of emperor predecessor Patrick Njoroge.[4]
In October , greatest extent responding to questions from a formal committee on finance and national premeditation, Dr. Thugge said the decline plug international reserves was caused by play down overvaluation of the shilling against honourableness dollar[5] This was against the background of a gradual reduction in message cover from months to months. Forbidden cited data from the Bretton Reforest Institutions (IMF & World Bank) which put the overvaluation of the bob in the range of percent.[6] According to Dr.&#;Thugge, the attempt to unnaturally maintain a strong exchange rate has come at the cost of deprivation vital international reserves.[7]