Press Release No. : 19/2023
Date : 27 October 2023
Press Release No 19 – Reserve Bank of Fiji Announces Secondment of Deputy Governor to the International Monetary Fund
The Reserve Bank of Fiji (RBF) has announced a two-year secondment of the Deputy Governor, Mr Esala Masitabua, to the International Monetary Fund (IMF). Commencing from 01 November 2023, Mr Masitabua will serve as an Advisor in the Southeast Asia Group at the Fund until 31 October 2025.
Mr Masitabua has over 26 years of central banking experience, having held several senior positions at the RBF. In March 2005, he was promoted to the role of Chief Manager Currency and Corporate Services before being transferred to the Chief Manager Financial Institutions role in February 2010. In April 2013, Mr Masitabua was again provided the opportunity to be exposed to another key oversight role of Chief Manager Financial Markets, from which, in acknowledgement of all the leadership roles that he held throughout the years, he was promoted to his current position of Deputy Governor in January 2018.
Mr Masitabua holds a Masters of Business Administration, a Post Graduate Diploma in Economics, and a Post Graduate Certificate in Human Resources Management from the University of the South Pacific and a Bachelor of Commerce Degree from Griffith University, Australia.
During Mr Masitabua’s secondment to the IMF, four senior RBF executives will rotate into the Deputy Governor role for six-month tenures. Chief Manager Financial System Development Group, Ms Caroline Waqabaca will act as Deputy Governor until 05 April 2024.
In making the announcement, RBF Governor Mr Ariff Ali, stated that these executive role transitions, align with the Bank’s policy of fostering ongoing succession planning and leadership development. The role changes will continue to enhance the Bank’s efficiency in fulfilling its crucial role of Leading Fiji to Economic Success.
RESERVE BANK OF FIJI
For further details, please contact:-
Communications Office
Telephone: (679) 3223 381 Email: info@rbf.gov.fj
Mr Mervin Singh – Manager Corporate Communications
Telephone: (679) 3223 229 Email: mervin@rbf.gov.fj