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This is the question being asked by several persons, including Opposition Senator Wade Mark. Days before the expiration of the term of office of Central Bank Governor Alvin Hilaire, (tenure ends on December 23), Parliament has approved the Government’s proposal that the Central Bank Act be amended to give it the flexibility to engage a Central Bank Governor for a shorter period of time than the statutory five-year term. The amendment which would allow the Government to appoint the Governor for a period of no less than three years but no more than five years. Two former Central Bank governors—Winston Dookeran and Jwala Rambarran—and one deputy governor, Terrence Farrell, yesterday criticised the Government’s decision to bring such an amendment.

Ministry of financeTrinidad and tobagoWade markTerrence farrellWinston dookeranJwala rambarranCentral bank governorEconomic development advisory boardCentral bankGovernor of the central bankCentral bank governor alvin hilaireGovernorship of the central bankGovernor of the bankOpposition senator wadeCentral bank actDeputy governors