Reserve Bank of Fiji deputy Governor Esala Masitabua will serve as an Advisor in the Southeast Asia Group of the International Monetary Fund (IMF) – part of a two-year secondment commencing November 1 this year.
Mr Masitabua has more than 26 years of central banking experience, having held several senior positions at the central bank.
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 exposed to another key oversight role of Chief Manager Financial Markets, from which, in acknowledgement of all the leadership roles he held throughout the years, was promoted to his present position of Deputy Governor in January 2018.
He 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.
The RBF stated that four senior RBF executives will rotate into the Deputy Governor role for six-month tenures during Mr Masitabua’s secondment.
Chief Manager Financial System Development Group Caroline Waqabaca will act as Deputy Governor until April 5 next year.
RBF Governor Ariff Ali said those executive role transitions aligned with the Bank’s policy of fostering ongoing succession planning and leadership development.
Mr Masitabua will serve at the Fund until October 31, 2025.
