AGP Executive Report
Last update: 4 hours agoCentral Bank Governance: Samoa’s Central Bank Amendment Bill 2026 cleared its second reading, separating the governor from the board chair role and setting limits on ministerial and board interference—opposition MPs and independents say the changes could weaken the CBS’s independence, echoing IMF concerns. Parliament Finance Tech: The Credit Information Register Bill 2026 passed final reading, creating a Central Bank-run credit register with reporting duties for banks and other lenders, plus written notice requirements for applicants. Foreign Investment Rules: Samoa’s Foreign Investment Amendment Bill 2026 also passed its second reading, tightening definitions and adding beneficial-owner and trust disclosure requirements before foreign investors can register. Oversight Leadership: Samoa swore in a new Controller and Auditor-General, Fa’amoetauloa Fa’asavalu Ah Siu Lin, after nearly 20 years at the Audit Office. Regional Environment Funding: SPREP says Samoa will join a €6m, 3.5-year marine litter and plastic waste project across Samoa, Fiji, the Marshall Islands and Tonga, funded with support from Germany’s GIZ. Cabinet Shake-up: Tea To’oala Peato was sworn in as Samoa’s newest Cabinet minister, taking responsibility for the Legislative Assembly and the Office of the Ombudsman.
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