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Namibia new central bank governor assumes duties

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Namibia’s new central bank governor, Johannes Gawaxab officially started duty on Monday following his appointment by President Hage Geingob on April 21.

The Bank of Namibia in a statement Monday said Gawaxab will also serve as chairperson of the Board of Directors of the Bank.

On assuming duty, Gawaxab said that he believes the central bank’s mandate is more than delivering on traditional roles such as monetary policy, and financial stability, but it is also about delivering on an economy that provides prosperity to Namibia.

“Therefore, I aim to look at how best do we complement the collaborations between the monetary policy and fiscal policy authorities to bring economic prosperity to Namibia,” said Gawaxab.

Gawaxab is the third governor of Bank of Namibia since it was founded on July 16, 1990.

(XINHUA)

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