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CDEDI TELLS RBM GOVERNOR TO RESIGN FOR INDECISIVENESS, BRINGING RBM INTO DISREPUTE

CDEDI TELLS RBM GOVERNOR TO RESIGN FOR INDECISIVENESS, BRINGING RBM INTO DISREPUTE

National
By Iommie Chiwalo The Centre for Democracy and Economic Development Initiatives (CDEDI) has expressed worry over indecisiveness of the country's central bank under the leadership of Governor Wilson Banda. In a letter to Banda CDEDI observes that RBM has run out of ideas, under his leadership and that in the interest of transparency and accountability, the noble thing the Central Bank Chief can do, is to resign on grounds that he has dragged the RBM into disrepute. Alternatively, RBM Chief has been given a chance to exonerate himself, by publicly explaining to the Malawian taxpayers on why they should continue paying him as the RMB governor, when the writing is on the wall that he has failed to perform, and miserably so. "By virtue of being a public entity, the RBM should have ...