In good weather, a central bank is a world of alphas and betas, peopled by sweet lunatics immersed in obscure Greek-letter equations, confronting economic statistics with their esoteric models on the course of inflation, resilience to shocks macroeconomics. That’s how they make a living Alcala streetau headquarters Madrid of the Bank of Spain. In Kinshasa, on the other hand, the teams of Malangu Kabedi MbuyiGovernor of the Central Bank of Congo (BCC) since July 2021, are evolving in an underworld environment closer to the paper housethe Netflix blockbuster.
The mission of the new governor and her colleagues would have been delicate in any case in a country confronted with manifest inadequacies of governance in the banking sector and the irreducible dollarization of the economy (85% of deposits are in US dollars). . The task had been made even more difficult by the immobility of the BCC’s previous board of directors, which included among its members a figure as controversial asAlbert Yuma Attack, long indestructible boss of Congolese bosses. By the way, several members of this council were in office before half of the current population of the country was born…
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But the international civil servant born in 1958 perhaps imagined a softer landing. The cohort of new directors appointed on July 5, 2021 particularly annoyed the International Monetary Fund (IMF) – where she spent most of her career –, which obtained the replacement of three of them a week later: the financier Jean Ilema N’Selepresidential advisors Prince Leta Katumba Free Mp3 Download et Andre Wamesoconsidered too close of the executive.