T&T PM issues stringing attack on Central Bank governor

(Trinidad Guardian) Support from the Opposi-tion and an online petition may not be enough to keep Central Bank Governor Jwala Rambarran in office.

 Jwala Rambarran
Jwala Rambarran

In a stinging statement on Saturday, Prime Minister Dr Keith Rowley said that Rambarran has engaged in a series of “reckless and even illegal” actions during his time as governor which made “his own situation untenable.”

Rowley, in a text exchange with the Sunday Guardian, said the media “missed the point” of his statements in Parliament on Friday and sought to further clarify the context of his debate contribution on the future of the Central Bank governor.

Rowley said contrary to media reports that his Government would not take action against Rambarran, the Government now has to act to protect the citizenry,

“The Government would simply be responding to protect the wider public interest,” Rowley said.

Rowley reiterated his denial that his Government was seeking to “hound” Rambarran out of office but said that Rambarran was in an “untenable” situation.

Hours after the media reports of Rowley’s contribution in Parliament Friday night, the Office of the Prime Minister sought to clarify the misinformation that Rambarran’s position was safe.

“The report in the media stating that the Prime Minister has told the Parliament that Government has no intention of dismissing the Governor of the Central Bank is entirely incorrect and is a patent misrepresentation of what was said in the House,” the release said.

“In response to a question as to whether the Government was taking action which could result in the dismissal of the Governor of the Central Bank the Hon Prime Minister replied that if any action was being taken which could result in the Governor being dismissed ‘such action was not being taken by the Govern-ment’,” the statement noted.

However, it added that “if it turns out that the Governor is dismissed it would be as a result of a series of his own actions and not by any action initiated by the Government. The Government would wish to make it quite clear that no public officer, regardless of what office he or she may hold, is beyond the requisite disciplinary procedures which are open to the employer acting lawfully in the interest of the people of Trinidad and Tobago”.

“The statement was issued immediately upon my observation that the media missed my point,” Rowley told the Sunday Guardian.

“If the Governor ends up being removed, it would not be because of any action initiated by the Government but as a result of his own series of reckless and illegal actions,” Rowley said in a text to the Sunday Guardian.

Speaking at the PNM’s children’s Christmas treat yesterday, Rowley said the issue was “diminishing the public’s confidence in the Central Bank’s ability to conduct public’s business in finance, and two, diminishing the public’s confidence in the Governor himself. If the Government allows this to continue unimpeded it will diminish the population’s confidence in the Government itself.”

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