Sunday , 5 May 2024
enfrit
The Central Bank happens to be ruled by a very special status, actually an immune system against any political control, namely against that of an unelected totalitarian regime dying for subordinating it to its Finance ministry. The eviction of the governor and the appointment of his short or long term deputy are a Cabinet meeting´s business. The HAT is therefore straining to enforce gates when relying on its finance minister, isn´t it? The acting governor´s mandate coming to an end is being used as a loophole but knows. Nevertheless, the HAT cannot afford to replace him this way.

A simple letter to take control of the central bank

18 February 2012 in Uncategorized Comments Off on A simple letter to take control of the central bank

The Governor is basically supposed to be replaced by Director General up to a new appointment. Frederic Rasamoely found his dismissal out in a letter from the HAT´s finance minister. In 2009, the freshly empowered junta forbad him any trip abroad and attempted to brand him as a “thief”. It did not reckon on his colleagues´ determination to defend their rights to the end.

The Central Bank´s employees must once again resort to a strike against the HAT in order to defend their governor and their institution´s threatened independence. An imposed an illegitimate HAT regime will not be able to appoint any governor. Empowering a puppet as Director on top of the Central Bank instead of the governor could possibly undermine the institution´s credibility. The strikers are on this account warning against a Central Bank potentially controlled by bootlicker deemed to be rejected by the rest of the international financial community.

A strike standing on the path of a regime ogling at national money

A single person empowered by a putsch, an unconstitutional regime change, has been managing public expenses since 2009. Any expense exceeding Ar 200 millions must be approved and signed by Andry Rajoelina. Money is however scarce inside state chesses in spite of juicy assessments produced by Custom & Taxes department. Coming to power and controlling expense is actually of no use when money to be spent out remains out of control as a matter of fact.

Will the HAT have the guts to enforce one of its disciples into the presidential palace´s neighboring building? Such an effort to put a grip on state chess few months away from potential elections happens to be more than suspect. Will Prime Minister Omer Beriziky ever act to protect the integrity of the State´s first financial institution? He once successfully did oppose the minister´s decision to force mayors out countrywide. He is equally able to oppose this HAT´s illegal attempt to rule the governor of the Central Bank of Madagascar out.

© Copyright 2024 - Madonline