PORT OF SPAIN — Economist Jwala Rambarran assumed duties as this country’s ninth Central Bank Governor yesterday.
Rambarran, 44, was selected by the People’s Partnership Government last Friday to replace outgoing Governor Ewart Williams who spent a decade at the Bank.
Whilst there was no official ceremony for Rambarran’s appointment, he told the Express he did receive a letter of appointment from President George Maxwell Richards.
He met with Finance Minister Larry Howai and Williams for a handover meeting yesterday. He described it as a cordial meeting which entailed discussion of incoming financial legislative agenda. He was also provided with a brief on issues and challenges.
In his exit interview with reporters last week, Williams had lamented the amount of work which was still needed in the country’s financial sector, most importantly new insurance legislation.
Rambarran previously worked at the Central Bank as a senior economist.
In his new role as Governor, he would lead a team of deputy governors under whom he has worked: Dr Shelton Nicholls, Joan John and chief economist Alvin Hilaire.
Last week, Prime Minister Kamla Persad-Bissessar had said, “we need a breath of fresh air, new thinking and the dynamism, which we believe Mr Rambarran can bring in these very challenging times.” (Express)