New Central Bank Governor: Duty first before any political party

 

 

Responding to detractors who say he is too young to handle the responsibility of being governor of the Central Bank, he said: “All I would want to say is, thank you to everyone for the comments. Thank you for the support and advice and I will take all in good stead.” Though he has not yet made up his mind which departments of the Central Bank he would be meeting first, Rambarran said the issue was “providing the best leadership and support to this country in a turbulent environment.” One of the issues discussed at the meeting was the financial legislative agenda to be laid in Parliament when it resumes after August 31. “He (Williams) has provided briefs on some of the issues and challenges he would like the incoming Governor to be aware of,” Rambarran said. He said he was not at liberty to discuss some of the challenges and issues with which  he would have to treat. 

 

 

With the 2012/2013 budget to be delivered in a few weeks, Rambarran said: “The Central Bank of T&T always has an input in providing some advice to the Government in the budgetary preparations.” In welcoming Rambarran yesterday, Howai spoke of the need to synchronise fiscal and monetary policies for the continued development of the economy. “Whilst the Central Bank is an autonomous organisation, it is only by the two strong institutions, the bank and the Government, working together that the full potential of our country can be realised,” read a statement from Howai’s office. Outgoing Governor Williams met with Rambarran and Howai at the office of the Minister of Finance yesterday. Howai thanked Williams for his valuable service and Williams expressed his pleasure at having been able to serve the country.