Harvesh Kumar Seegolam
Currently serving his second mandate, Mr Harvesh Kumar Seegolam was appointed Governor of the Bank of Mauritius with effect from the 1st of March 2020.
Since his appointment as Governor of the Bank of Mauritius, Mr Seegolam has focused on strengthening and modernising the Mauritian banking landscape.
His assuming office at the time the COVID-19 pandemic hit Mauritius drove Governor Seegolam to take key decisions that have mitigated the impact of the pandemic on the banking industry, and avoided contagion to the real economy. The criticality of the timely and bold decisions taken by Governor Seegolam to contribute to salvaging the Mauritian economy was recognised internationally.
The initiatives implemented by Mr Seegolam won him several accolades. On 4 January 2023, The Banker conferred upon him the 2023 Central Bank Governor of the Year for Africa Award. In May 2023, he also received the African Banker Award as Central Bank Governor of the Year. In the Global Finance Central Banker Report Cards 2023, Governor Seegolam was ranked as one of the world’s leading central bankers with an A-rating in recognition of the appropriateness of his actions and decisions pertaining to inflation control, economic growth goals, currency stability and interest rate management.
Governor Seegolam has made of the modernisation and the greening of the banking and financial landscape a key element on his agenda. He is at the inception of the Bank of Mauritius Climate Change Centre launched in October 2021 and of the Future of Banking Report launched in September 2022, and which paves the way to the development of the banking sector in the coming years. Mr Seegolam has been at the inception of the elaboration and implementation of a new Monetary Policy Framework and he is equally driving several milestone projects, amongst which the launch of a CBDC.