Fitch expects Metical to fall to 65.5 to the US dollar, with inflation at 5.1% by 2020
Photo: A Verdade
Rogério Zandamela has revealed that there is “a lot of familiarity” in the institution he runs, and has introduced a new criterion governing the hiring of new personnel: “relatives of managers and directors up to 5th degree” cannot be engaged.
@Verdade has meanwhile learned that at least two administrators have relatives working in the institution, and the former governor employed his daughter and a nephew.
Continuing to try to revolutionise the financial system and the central bank, Rogério Zandamela revealed last Monday (December 16) that, although the institution he runs continues to prefer internal promotion to fill management positions and to promote transparent external recruiting for technical vacancies, a new standard has been introduced which prevents “the entry into the Bank of direct family members, up to the fifth grade, of managers from the director level up”.
“We have a lot of familiarity in our institution, and we have to open the doors a little wider for others and give others a chance. This is what forced us to take this measure. It is always open to anyone who wants a relative to get a job in the institution to stop being a manager to make room for them,” Governor Zandamela explained.
Zandamela, who was speaking to representatives of the financial sector about the close of the 2019 financial year, said the new criterion is already being applied.
“We have begun to implement this new standard in recruitment for our Gaza branch in Xai-xai. All the young people who were recruited satisfied this new criterion. It does nothing to demerit those who have entered in the past, but it serves a little to balance things as they are.
By Adérito CaldeiraSource: A Verdade
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