Trinidad and Tobago central bank governor sacked and replaced by deputy

Jwala Rambarran
Former Trinidad and Tobago central bank governor Jwala Rambarran

The Central Bank of Trinidad and Tobago has seen a change of management since governor Jwala Rambarran's dismissal by the government on December 23.

One of the bank's deputy governors, Alvin Hilaire, was chosen to replace Rambarran with immediate effect. He will serve a five-year term.

Hilaire has worked at the central bank for more than 20 years, holding numerous roles, including director of research. He also spent 11 years at the International Monetary Fund as a senior economist.

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