Central Bank Of Belize (Photo: Pinterest)

Gustavo Manuel Vasquez is the new Central Bank of Belize governor

Central Bank Of Belize (Photo: Pinterest)

The Government of Belize has named Gustavo Manuel Vasquez as the governor of the Central Bank of Belize with effect from April 1, 2021.

Vasquez succeeds Ambassador A Joy Grant, who served in the position since 2016.

“Mr Vasquez assumes the role of governor during a period of historic economic and financial crisis. He is committed to judiciously deploying the resources of the Central Bank [of Belize] to support national economic recovery efforts while safeguarding the value of our currency and the
stability of the financial sector,” a release from the bank stated.

Gustavo Manuel Vasquez, governor, Central Bank of Belize (Photo: CBB)

“An immediate priority is to implement the new and enhanced
legal mandate of the Central Bank to provide emergency financing support to eligible businesses adversely affected by the COVID-19 pandemic,” it continued.

Education and experience

A holder of a master’s degree from the Wharton School of Business of the University of Pennsylvania — where he majored in finance and public policy and management — the new central bank governor has spent the last five years providing consulting services to the World Bank, Inter-American Development Bank, Government of Bermuda and its monetary authority, Central Bank of Albania, ECOWAS West Africa, among others.

“Mr Vasquez assumes the role of governor during a period of historic economic and financial crisis”

Vasquez’s career has come full circle after beginning his professional journey at the Central Bank of Belize in 1983, serving as director of banking Supervision for 14 and a half years. Thereafter, he worked with the Cayman Islands Monetary Authority as a special advisor to the managing director on financial sector and regulatory issues.

Later, he joined the International Monetary Fund (IMF) in Washington, DC, USA, where he worked as a senior technical assistance adviser and senior
financial sector expert for 15 years.

Gustavo Manuel Vasquez worked as an advisor and financial sector expert with the International Monetary Fund for 15 years and provided consulting services in the last five years following his retirement. (File photo)

Returning from retirement

In June 2016 Vasquez retired from the IMF and resettled in Belize.

“The board of directors, management, and staff of the central bank welcome Mr Vasquez and look forward to working with him in furthering the [its] mission: promoting the stability of the monetary and financial system in a manner that is conducive to economic growth,” the release from the bank concluded.