M.D. Pelaelo

M.D. Pelaelo General Information

Biography

Mr. M.D. Pelaelo serves as Governor and Chairman of Botswana's Pula Fund. He was appointed Governor of the Bank of Botswana effective October 21, 2016, by His Excellency the President, Lieutenant General Dr. Seretse Khama Ian Khama. Governor Pelaelo joined the Bank of Botswana in 1990 as Senior Bank Examiner in the Banking Supervision Department following a six-year lectureship in accounting and management studies at the Botswana Institute of Administration and Commerce and the University of Botswana. He rose to various senior positions in the Bank and, in 1996, was appointed Head of Administrative Services Department and shortly, thereafter transferred to be Director of Banking Supervision Department. In the Banking Supervision Department, he was instrumental in establishing the institutional framework for banking supervision post the abolition of exchange controls in Botswana. He formulated a number of prudential regulations and policies, including a paper on banking soundness and macroeconomic stability, a capital adequacy framework for Botswana, and the introduction of the public Annual Banking Supervision report. In 2003, Mr. Pelaelo took a three-year sabbatical leave and joined the Financial Stability Institute at the Bank for International Settlements (BIS) in Basel (Switzerland), where he continued to expand and deepen his knowledge of banking regulation, supervision, and financial stability. As part of his work at the BIS, he coordinated a number of international conferences and presented on a wide range of topics for banking supervisors across the world, including in Africa, the Middle East, South East Asia, South, and Central America, the Caribbean Islands, Eastern Europe, Transcaucasia, and Central Asia. Mr. Pelaelo also hosted a number of banking supervision seminars for the global group of banking supervisors at the BIS, Switzerland.