Following
the review of the Central Bank's first Corporate
Plan for 2001-2002 last year, a new Corporate Plan
for the years 2003-2005 is now in place. During the
review process, no change to the Bank's structure
was deemed necessary. This was based on a firm
understanding that the structure approved in the
Bank's first Corporate Plan in 2001 is still in line
with the Bank's functional long-term strategies in
attaining the major targets and objectives in
2003-2005.
The
following Chart "Central Bank Structure"
gives the organizational structure of the Central
Bank at the end of June 2003.
Board
of Directors
Internal
Auditor (Vacant)
Secretary
to the Bank (V.H.
Porter)
Governor
(P.T. Scanlan)
Deputy
Chief Executive (P.Penn)
Management
Resources (Asora Simanu)
Personnel
Building & Other Services
Accounting & Budget (T.S.
Afoa)
Financial Accounts
Budget & Payroll Payments
Banking & Corporate
Services (M.S. Pua)
Currency
Banking & Other Services
Exchange Control
Computer Systems
Research & Statistics (Iosefa
Bourne)
Economic Analysis
Finance
Financial
Markets (Atalina Enari)
International
Domestic Markets
Financial Institutions (Gilbert
Wongsin)
Supervision
Policy
& Research
Money
Laundering Prevention
Monetary
Policy Committee
Performance
Accountability Committee
The
organisational structure consists of six (6)
departments divided into two (2) functional groups.
Specific responsibilities for each group are
highlighted in the following text of this Annual
Report.
There
were minor changes which took place, which had to do
more with staff movement and not the hierarchical
structure itself. Some of these changes included
internal promotions at the management level, and the
positions of the Secretary to the Bank and the
Internal Auditor which became vacant since February
and August 2002 respectively. These changes are
being elaborated on, under the section
Internal
Auditor (Vacant)
