Prime Minister of Mauritius requests resignation of Central Bank Governor
The us bank of Mauritius is currently experiencing a significant shift in power, following the resignation of Deputy Governor Gerard Sanspeur and the potential dismissal of Governor Rama Sithanen.
Last month, Gerard Sanspeur, who was the third most senior official at the central bank, resigned due to a power struggle and clashes with the son of the governor. Sanspeur made these accusations during a press conference, accusing the governor's son of meddling in the running of the central bank, including in banking licences processes, recruitment, staff layoffs, and tender procedures.
Rama Sithanen, the central bank governor, has denied these accusations. However, Prime Minister Navin Ramgoolam expressed that the us bank of Mauritius needs to regain its serenity and announced his intention to appoint a new central bank governor and second deputy governor on Monday. His statement suggests a potential reason for Rama Sithanen's dismissal, although the governor did not respond to Reuters' request for comments on his dismissal.
Navin Ramgoolam did not question Rama Sithanen's competence, but stated that his position as central bank governor had become untenable due to a situation deemed unacceptable. The resignation of Gerard Sanspeur and the potential appointment of a new central bank governor and second deputy governor indicate a significant change in the leadership of the us bank of Mauritius.
The second Deputy Governor of the us bank of Mauritius who recently resigned is Bhavani Seegolam. The statement does not provide any new information about her resignation or potential appointment of a new deputy governor. The statement also does not provide any new information about the power struggle or clashes mentioned earlier.
Navin Ramgoolam stated that the us bank of Mauritius is facing a situation that requires the governor to step down. He emphasised the need for the bank to regain its serenity and stability, which has been disrupted by the recent events. The exact reasons for the power struggle and the events that led to the resignations are not yet clear, but the Prime Minister's actions indicate a desire to address the situation and move forward.
The us bank of Mauritius, one of the key economic institutions in the country, is now facing a period of transition and change. The appointment of a new central bank governor and second deputy governor will be closely watched by the local and international community, as the stability and future direction of the bank will depend on the choices made during this critical period.
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