Identifier
Created
Classification
Origin
06LIBREVILLE445
2006-07-05 14:35:00
UNCLASSIFIED
Embassy Libreville
Cable title:
FIRING AND HIRING OF CENTRAL BANK GOVERNORS IN SAO
how-toVZCZCXYZ0017 PP RUEHWEB DE RUEHLC #0445 1861435 ZNR UUUUU ZZH P 051435Z JUL 06 FM AMEMBASSY LIBREVILLE TO RUEHC/SECSTATE WASHDC PRIORITY 9195 INFO RUEHLI/AMEMBASSY LISBON PRIORITY 0645 RUEHLO/AMEMBASSY LONDON PRIORITY 0306 RUEHFR/AMEMBASSY PARIS PRIORITY 0810
UNCLAS LIBREVILLE 000445
SIPDIS
SIPDIS
LONDON AND PARIS FOR AFRICA WATCHERS
E.O. 12958: N/A
TAGS: EFIN ECON PGOV TP
SUBJECT: FIRING AND HIRING OF CENTRAL BANK GOVERNORS IN SAO
TOME
UNCLAS LIBREVILLE 000445
SIPDIS
SIPDIS
LONDON AND PARIS FOR AFRICA WATCHERS
E.O. 12958: N/A
TAGS: EFIN ECON PGOV TP
SUBJECT: FIRING AND HIRING OF CENTRAL BANK GOVERNORS IN SAO
TOME
1. On June 22, the Sao Tome and Principe Council of
Ministers dismissed the Central Bank Governor, Maria do Carmo
Silveira, her vice governor and three administrators. The
Government of Sao Tome and Principe (GoSTP) stated that the
decision was based on irregularities detected in the bidding
and awarding process for the construction of the new Central
Bank building, estimated to cost between $5 million and $8
million. In response to the dismissal, Carmo Silveira stated
that she had nothing to do with these contracts and that her
dismissal was politically motivated. Carmo Silveira was
Prime Minister from June 2005 through March 2006; her mandate
as governor was suspended during this time. She added that
for some time now, President Menezes had wanted to remove her
as governor of the Bank.
2. On July 4, the GoSTP announced a new management team for
the Central Bank. They include:
- Governor: Arlindo Afonso de Carvalho (from the PCD
party--part of the President's MDFM/PCD coalition).
- Vice Governor: Edite Diogo Afonso Soares
- Administrators: Luis Fernando Morreira de Sousa, Elsa Maria
de Barros Pinto and Alvaro Joao Cardoso Santiago.
3. Comment: The win for President Menezes' MDFM/PCD coalition
in the legislative elections of March 2005 ushered in a new
STP government. After the elections, the lone major
government body not under MDFM/PCD control was the Central
Bank. The appointment of Carvalho has now changed this.
WALKLEY
SIPDIS
SIPDIS
LONDON AND PARIS FOR AFRICA WATCHERS
E.O. 12958: N/A
TAGS: EFIN ECON PGOV TP
SUBJECT: FIRING AND HIRING OF CENTRAL BANK GOVERNORS IN SAO
TOME
1. On June 22, the Sao Tome and Principe Council of
Ministers dismissed the Central Bank Governor, Maria do Carmo
Silveira, her vice governor and three administrators. The
Government of Sao Tome and Principe (GoSTP) stated that the
decision was based on irregularities detected in the bidding
and awarding process for the construction of the new Central
Bank building, estimated to cost between $5 million and $8
million. In response to the dismissal, Carmo Silveira stated
that she had nothing to do with these contracts and that her
dismissal was politically motivated. Carmo Silveira was
Prime Minister from June 2005 through March 2006; her mandate
as governor was suspended during this time. She added that
for some time now, President Menezes had wanted to remove her
as governor of the Bank.
2. On July 4, the GoSTP announced a new management team for
the Central Bank. They include:
- Governor: Arlindo Afonso de Carvalho (from the PCD
party--part of the President's MDFM/PCD coalition).
- Vice Governor: Edite Diogo Afonso Soares
- Administrators: Luis Fernando Morreira de Sousa, Elsa Maria
de Barros Pinto and Alvaro Joao Cardoso Santiago.
3. Comment: The win for President Menezes' MDFM/PCD coalition
in the legislative elections of March 2005 ushered in a new
STP government. After the elections, the lone major
government body not under MDFM/PCD control was the Central
Bank. The appointment of Carvalho has now changed this.
WALKLEY