Felisberto Navalha: The new administrator at Banco de Moçambique

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Felisberto Navalha: The new administrator at Banco de Moçambique

1:39 CAT | 28 Mar 2017

O País / Felisberto Navalha replaces Joana Matsombe as Bank of Mozambique administrator

Felisberto Navalha was sworn in yesterday as the new administrator of the Bank of Mozambique, joining the seven-member board of directors headed by Governor Rogério Zandamela and Deputy Governor Gertrudes Macueve, the sole female director.

Filisberto Navalha has a master’s degree in development economics from the Eduardo Mondlane University, and has worked at the central bank for 21 years. He has held positions in economic studies and statistics and was an advisor to the Monetary Policy Committee.

At the inauguration, Prime Minister Carlos Agostinho do Rosário explained that Navalha was being sworn in because he was competent and had extensive experience of the institution, challenging him to contribute to the country’s macroeconomic stabilisation.

Navalha said that he was well aware of the challenges of being a member of the institution and promised to work hard.

Former administrator Joana Matsombe said she had left the post proud of having made a contribution in the financial area, where she stayed for a longer period during her 42 years with the institution.

Apart from participating in the bank’s major decisions, Matsombe’s main contribution was in the training of staff. In addition to several courses taken during her career, Joana Matsombe holds a BA in economics from UEM and a master’s degree in financial economics from England.

Source: O País