John Rwangombwa
John Rwangombwa | |
|---|---|
| Occupation(s) | Accountant, politician, banker |
| Years active | 1998–present |
| Known for | Governor of the National Bank of Rwanda |
John Rwangombwa is a Rwandan professional in accounting, politics, and banking, currently holding the position of governor at the National Bank of Rwanda, which functions as the nation's central bank and financial regulatory authority. He assumed this office on 25 February 2013.
Background and education
Rwangombwa obtained a Bachelor of Commerce degree in accounting from Makerere University, located in Kampala, Uganda. He further advanced his studies by earning a Master of Business Administration with a focus on accounting from the Maastricht School of Management in the Netherlands.
Career
His professional journey started at the Rwanda Revenue Authority, where he progressed to become Deputy Commissioner of Customs for Operations between June 1998 and February 2002. Subsequently, he transitioned to the Ministry of Finance and Economic Planning, taking on the role of Director at the National Treasury Department. In 2005, he was appointed as the ministry's inaugural Accountant General before being promoted to Permanent Secretary and Secretary to the Treasury. By 2009, he had been named Minister of Finance and Economic Planning.
Since his appointment as Governor of the National Bank of Rwanda in 2013, Rwangombwa has spearheaded initiatives aimed at modernizing the institution, emphasizing inflation targeting rather than monetary aggregates, and preparing for integration into the East African Currency Union. His tenure as governor was renewed for an additional six years by Rwanda’s cabinet in 2019.
Other responsibilities
- Member of the Presidential Advisory Council
- Participant in the World Economic Forum Global Agenda Council
- Ex-Officio Alternate Member on the Board of Governors for the International Monetary Fund (IMF) since 2013
- Served on the Board of Governors for the East African Development Bank from 2008 to 2013