AGP Executive Report
Last update: 2 hours agoCentral Bank Reform Push: Samoa’s Central Bank of Samoa Amendment Bill 2026 cleared its second reading, with the key change separating the governor from the board chair role to strengthen governance and oversight, while the opposition warns the move could weaken the bank’s independence. Central Bank Independence Debate: Opposition leaders cite IMF concerns and raise conflict-of-interest worries, as Parliament also debates broader checks and balances around who can influence central bank decisions. Foreign Investment Rules: Samoa’s Foreign Investment Amendment Bill 2026 also passed its second reading, tightening definitions, adding beneficial-owner disclosure, and requiring foreign investors to register before investing, with some activities reserved for Samoans. Credit Information Register: Parliament passed the Credit Information Register Bill 2026 on its final reading, setting up a central credit database run by the Central Bank to support creditworthiness checks. Cabinet Swearing-In: Tea To’oala Peato, Samoa’s oldest MP, was sworn in as a new Cabinet minister overseeing the Legislative Assembly and the Office of the Ombudsman. Regional Environment Funding: SPREP says Samoa will join a €6m, four-country project to tackle marine litter and improve plastic waste management, with implementation led by SPREP, GIZ and the Pacific Community.
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