Governance
IMF promises $3 billion financing for Lebanon but demands reforms
Deal depends on monetary policy and central bank reform, as well as banking clean-up, IMF says
Nepal suspends governor as economic problems deepen
Maha Prasad Adhikari faces possible dismissal, as Nepal struggles to cope with Covid-19 fallout
Myanmar orders FX restrictions as reports say deputy governor was shot
Expert says currency move is "pretty desperate" as military junta tries to deal with turmoil
Honduran governor asks for 50% salary cut
Santos’s request comes as president calls for spending cuts amid fiscal crisis
Few central banks report funding problems
Only 10% of central banks say they lack adequate resources
Sri Lankan president appoints governor criticised over ‘bond scam’
New governor was accused of negligence by judicial inquiry over conduct in financial wrongdoing
Presidential ally obtained funds from Zimbabwe central bank
RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds
Brazilian central bank strike escalates
Staff now out indefinitely, interfering with Pix and economic statistics
Median bank has had four governors in past 20 years
Governor turnover probably does not reflect independence
Sri Lankan governor resigns amid massive economic crisis
Finance minister also quits as crowds demonstrate against power cuts and food price rises
São Tomé governor replaced
Central bank chief had challenged prime minister for party leadership
Governors are rarely dismissed early
Most jurisdictions have the power to dismiss central bank governors, but rarely use it
Malawi central bank fund in crossfire of allegations
Audit finds a loss of over $15 million, but some staff claim directors ordered bogus inquiry
Mauritania finance minister becomes new governor
Dhehbi succeeds Moulaye Taher, as ex-governor joins new cabinet
Central banks usually transfer profits to governments
But many central bank respondents did not share profits in the last financial year
US Senate to vote on Cook’s Fed governor nomination
Republicans continue opposition to Biden’s nominee but Democrats force full vote
Minority of central banks worry over independence
Most central banks say law protects them, but some say changes are needed
European authorities freeze Lebanese governor’s assets
Riad Salameh one of “five main suspects” subject to €120 million asset seizures, say prosecutors
Role of boards differs widely across central banks
All benchmark respondents have boards, but powers and responsibilities show great variety
More central banks have diversity and sustainability policies
But these policies remain less common than codes of ethics and whistleblower policies
Heads of state often play key role in governor appointments
Benchmark respondents say governors’ terms last four to seven years