Governors in a fix

- Central Banking staff
- 17 Sep 2003

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In the Philippines things are looking up for central bank governor Rafael Buenaventura and 20 of his colleagues. After being accused of "grave abuse of discretion" in the central bank's closure of a local bank in 2000, Buenaventura faced the possibility of being suspended from office for a year; now however the Supreme Court has dismissed the criminal charges filed against him. The bank's legal counsel says, "The criminal aspect of the rulings are in favour of exoneration. Things are in

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