UA-2452432-10

Namibia Constitution: Chapter 17

CENTRAL BANK AND NATIONAL PLANNING COMMISSION

Namibia Constitution: Chapter 17

Full Description


Article 128 – The Central Bank
1. There shall be established by Act of Parliament a Central Bank of the Republic of Namibia which shall serve as the State’s principal instrument to control the money supply, the currency and the institutions of finance, and to perform all other functions ordinarily performed by a central bank.

2. The Governing Board of the Central Bank shall consist of a Governor, a Deputy-Governor and such other members of the Board as shall be prescribed by Act of Parliament, and all members of the Board shall be appointed by the President in accordance with procedures prescribed by such Act of Parliament.

Article 129 – The National Planning Commission
1. There shall be established in the office of the President a National Planning Commission, whose task shall be to plan the priorities and direction of national development.

2. There shall be a Director-General of Planning appointed by the President in terms of Article 32(3)(i)(dd) hereof, who shall be the head of the National Planning Commission and the principal adviser to the President in regard to all matters pertaining to economic planning and who shall attend Cabinet meetings at the request of the President.

3. The membership, powers, functions and personnel of the National Planning Commission shall be regulated by Act of Parliament.

Table of Contents  |  Chapter 16  |  Chapter 18



Tags/Keywords

namibia constitution

Business Directory Namibia