One in five central bank economists have a PhD

Central banks in Africa lag behind peers in sponsoring PhD programmes

PhD economists can bring important specialist skills and knowledge to central banks’ economic departments, and contribute to the economic development of their country. 

The proportion of staff in the economics department that hold PhDs ranged between 0–56%. The average was 18%, based on data provided by 30 central banks. 

Fifty-nine per cent of central banks said they sponsor economists to undertake PhD programmes. 

Central banks in advanced economies were slightly more likely to sponsor PhD

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