New Minister Allocation Constitutional Reform of September 2024

“The redistribution of powers provides clearer ministerial responsibility and strengthens coordination across government. Regulatory authority should ultimately answer to the national government rather than remain entirely in the hands of unelected bureaucratic bodies. While monetary policy requires particular care and stability, the broader restructuring creates a more coherent and accountable system of government.”

“ADFR will support this reform as it is very similar to the one we were devising: redistributing and rationalising powers now that new cabinet positions have been introduced is a necessity. The only change we're critical of is to shift the monetary policy from professional bureaucrats to the Minister of Finance: this is a very delicate power that's usually left to central banks in virtually all democratic countries. This is something we'll seriously consider amending in the future.”