Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Mauritian PM demands central bank governor’s resignation over interference allegations, citing instability.

flag Prime Minister Navinchandra Ramgoolam has asked Central Bank Governor Rama Krishna Sithanen to resign amid a crisis following Deputy Governor Gérard Sanspeur’s August resignation, which cited interference by Sithanen’s son in bank operations. flag Though Sithanen denies the claims, Ramgoolam stated the situation undermined the central bank’s stability and integrity, calling continued leadership unacceptable. flag A new governor and deputy governor will be appointed soon. flag Despite the turmoil, Mauritius’s bond market has shown modest gains, and investor sentiment remains relatively stable. flag The upcoming Fitch sovereign rating update will be closely watched as a sign of the crisis’s economic impact.

3 Articles