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{
    "id": 701032,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/701032/?format=api",
    "text_counter": 167,
    "type": "speech",
    "speaker_name": "Hon. Wangwe",
    "speaker_title": "",
    "speaker": {
        "id": 2543,
        "legal_name": "Emmanuel Wangwe",
        "slug": "emmanuel-wangwe"
    },
    "content": "Thank you, Hon. Deputy Speaker. From the outset, I would like to suggest that I might not have a direct position in terms of who to separate, who to accept and who to refuse. Generally, because of the appointment and the rules which have been played here, I want to say that I support. I want to call on this House to look at Article 231 of the Constitution, which establishes the CBK. Article 231(1) and (2) provides that the directors must be persons who have monetary, financial, banking and economic backgrounds. This does not mean that one has to have all the four elements to qualify as a member of the CBK Board of Directors. It requires directors with full control of monetary, financial, banking and economic backgrounds. That is why I started by saying it is difficult to say we support all the five. The experience the last three have is not the issue of qualification. Academically, they are qualified, but to sit in the board, you need experience. You must be a mover of a process. You must set direction of the organisation which you are chairing or sitting in. The CBK Governor shall fully rely on the Board of Directors to help run the monetary and fiscal policies in this country. If we get directors who do not have real background in terms of experience, it becomes a challenge. With that in mind, the first and second candidates get thumbs up. They have the experience it takes, but the last three, in terms of experience, there is a problem. Now that they are qualified, they have the standing in terms of academics. They need not have all the four parameters to sit in the board. I support the appointment to allow the persons to move on. However, future appointments should be checked. I want to use this chance to make a suggestion that the appointments should not only be done in terms of vetting like we have done for the CBK. The recruitment exercise not only allows the President to appoint, but also provides a process. Let there be interviews. Let the process be competitive, so that we get the best brains out of which the President can nominate and bring the names to this House for approval. With that, I support."
}