Approval by the council of ministers of the revised BRB charter and submit to Parliament.
At P1R6, met on 1/4/08.  However, in approving the proposal for the revised central bank (BRB) charter, the council of ministers modified a number of articles, including to replace the governor as president of the board of directors of the BRB with one of the external board members.  Staff will discuss the impact of these changes on the intended objective of central bank independence and, if needed, would propose corrective actions in line with best international practice in the context of discussions on an eventual successor PRGF arrangement.