Regulatory Alerts2016-07-29
Law No. 2016-004 of July 29, 2016, as amended by Law No. 2016-057 of February 2, 2017, establishing the Statutes of the Central Bank of Madagascar
The President of the Republic promulgated Law No. 2016-004, updated by Law No. 2016-057, to establish the updated statutes of the Central Bank of Madagascar (BCM) in compliance with international standards. The legislation grants the BCM institutional, operational, and financial independence while defining its primary objective as ensuring internal and external monetary stability. It further mandates strict governance structures, including a Board of Administration and Executive Committee, and imposes rigorous accountability and transparency obligations regarding financial reporting and state relations.
Share