New Central Bank Governor by year’s end; Deputy Governors also needed

New Central Bank Governor by year’s end; Deputy Governors also needed

A senior public servant is tipped to become the Governor of the Central Bank at the end of this year.

According to a Guardian report, the Central Bank of Trinidad and Tobago has been functioning without a single Deputy Governor since Dr Sandra Sookram’s term came to an end a few months ago.

The law calls for up to two Deputy Governors.

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Dr Alvin Hilaire was appointed as Deputy Governor from April 1, 2013; his appointment as Deputy Governor was revoked when he assumed the position of Governor from December 23, 2015 for a term that ends on December 22, 2020.

The report states that since the Rowley administration came to power in 2015, the government and Finance Minister Colm Imbert have failed to recommend to the President anyone to be appointed as Deputy Governor and the Bank has been operating for the last five years short of its compliment of Deputy Governors.

Former Deputy Governor of the Central Bank and economist Dr Terrence Farrel told SBG that he is worried about the Bank and what he sees as the continued diminishing of its role and independence.

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