Political Shake-Up: Changes in Mauritius' Central Bank Leadership

Mauritius' Prime Minister, Navin Ramgoolam, announced the replacement of Central Bank Governor Rama Sithanen. The appointment of a new second deputy governor is scheduled for Monday, followed by the selection of a new governor. This move signals significant shifts within the nation's financial leadership.

Mauritius is set to experience a significant shift in its financial leadership as Prime Minister Navin Ramgoolam calls for Central Bank Governor Rama Sithanen to resign. This development is part of a broader strategy to refresh the nation's banking authority.

Speaking on Saturday, Ramgoolam confirmed that a new second deputy governor would be named on Monday. The appointment is expected to lay the groundwork for further changes, with a new governor also set to take office shortly thereafter.

This restructuring highlights a pivotal moment in Mauritius' economic governance, signaling a potential redirection of monetary policy under the new leadership cadre.

(With inputs from agencies.)