Some internal policies differ by country income
Central banks likely to have ethics codes and whistleblower policies regardless of national income
Advanced economies’ central banks are more likely to have formal policies on inclusion and sustainability than their emerging market economy (EME) counterparts, the Governance Benchmarks 2023 find.
When asked if they have diversity and inclusion policies, 58% of 43 respondents said that they do. As for internal sustainability policies, 56% of 41 respondents said they had one.
The responses on most types of policy varied widely by jurisdictions’ levels of GDP. Just 35% of participating central
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More on Governance
Governance Benchmarks 2023 – executive summary
Data shows EMEs and advanced economies differing in profits, appointments and policies
Governance Benchmarks 2023 report – the frameworks that underpin central banks
Data reveals differences in profits, appointments and policies among EMEs and advanced economies
Few central banks report recruitment difficulties
Central banks from emerging market countries more likely to say they face problems finding staff
Advanced economy central banks more likely to make profits
Majority of central banks report profits in most of last five years
Central banks differ on profit-sharing agreements
Advanced economy central banks more likely to have formal agreements on profit distribution
Most central banks satisfied with policy autonomy
EME central banks say they are more likely to face pressure over monetary policy
Most central banks disclose governors’ salaries
Governors’ salaries show moderate correlation with countries’ per capita GDP
Boards’ make-up differs across jurisdictions
Emerging market economy boards more likely to include government officials and ministers