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Central Bank of Barbados Surprisingly Cancels Press Conference

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2nd Quarter Central Bank press conference cancelled
2nd Quarter Central Bank press conference cancelled

Central Bank’s second quarter review is scheduled for 15 July 2014.  A visit to the Central Bank website states, “UPCOMING EVENTS, July 15: Release of Analysis of Barbados’ Economic Performance for the first six months of 2014 Time: 2:00 p.m.” BU has been advised that the Central Bank has cancelled the news conference which has become a standard feature of the Governor Worrell’s quarterly review of Barbados’ economic performance.

Surely if there was a time our leaders are required to communicate with Barbadians, and in particular the Governor of the Central Bank, now is the perfect time. The Governor to his credit has faced the music during a challenging economic period and his message has become tired and taken on a political spiel. But what a time to cancel a news conference!

The vacuum that will be created if the cancellation is enforced is likely to force more speculation  – is this a ploy to avoid questions about the Muni Tax? Is it a spill over caused by the spat with the Nation newspaper? The moribund media of Barbados will take another black eye in stride of this we are sure.

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59 responses to “Central Bank of Barbados Surprisingly Cancels Press Conference”

  1. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Are/were there any reasons for the Central Bank of Barbados putting off (surely not canceling) of the media conference until what other time the Bank has selected for it?

    Are/were there any reasons given by the public relations arm of the Bank, for the postponement?

    PDC

  2. David Avatar
    David

    @PDC

    Can you read? What does the image, a communication sent to media, read?

    On Saturday, 12 July 2014, Barbados Underground wrote:

    >

  3. SITH Avatar
    SITH

    The Muni Tax will have a big effect on FX reserves. First, foreign property owners who keep a residence in Barbados will need to send FX funds to pay the new tax thus increasing FX reserves, and secondly local property owners will have less money in their pockets to spend in the local economy which will lead to less FX leaving the country and less stress on FX reserves.

    The bad news is that unless there is a increase in GDP that comes from generating FX, there will be a continued decrease in life style for the citizens of the country as the Government throttles back on the funds citizens have to spend on imports all in the name of protecting the fixed peg of the Barbados dollar.

  4. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    A check by the PDC with nationnews.com does reveal that there will be no media conference for the particular day.

    However, it does state that there will be an outline of the statistical performance of the Barbados economy on the given day.

    Nationnews.com calls it a policy shift not to hold the conference on the part of the bank but states that the Bank gave no reason for it.

    PDC

  5. David Avatar
    David

    @PDC, the collective

    How does the Central Bank promising to provide an outline mesh with not holding a press conference?

    On Saturday, 12 July 2014, Barbados Underground wrote:

    >

  6. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    David,

    We are sure that there will be one – in some form or fashion.

    PDC

  7. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    All we are saying is that we are shocked numbed by this turn of events, and that this country is in such political economic financial turmoil, that there warrants a serious media conference on the obviously worsening political economic position of the country.

    It is that unbelievable to think it has actually been cancelled rather than postponed.

    PDC

  8. David Avatar
    David

    @PDC, the collective

    We concur.

    On Saturday, 12 July 2014, Barbados Underground wrote:

    >

  9. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Noted.

    PDC

  10. Gabriel Avatar
    Gabriel

    I think we are seeing the beginning of a rumored move for Barbados to rejoin the ECCA because the IMF has no confidence in either the MoF,the PM nor the Governor of the Central Bank of Barbados.There is too much political interference by incompetents in the monetary policy of this once distinguished country.Pimps and bare foot hoes have control of the lumpen proletariat and no country can survive efficiently without a strong and vibrant middle class.This is now a threatened species in Barbados,hence the dire straits we are in.
    Maybe they have asked Stuart a question about Denis Lowe’s lotto winnings.

  11. Caswell Franklyn Avatar
    Caswell Franklyn

    Gabriel

    I need more information about Lowe’s lotto winnings as you put it. I did not see him in the papers receiving any cheque. Maybe he got a friend or a lawyer to collect. I don’t know, please provide us with the details.

  12. Adrian Loveridge Avatar
    Adrian Loveridge

    The Barbados Statistical Service has still not released the MAY 2014 long stay visitor arrival figures. May 2013 were the lowest during the last 11 years and May 2012 the second lowest. Maybe this has a bearing on the Central Banks media conference.

  13. Hants Avatar
    Hants

    http://www.thestar.com/business/2014/07/11/unemployment_rate_rises_to_71_per_cent_in_june.html

    http://www.ctvnews.ca/canada/ontario-youth-unemployment-among-the-worst-in-canada-report-1.1473423

  14. Drop Jaw Avatar
    Drop Jaw

    The GOCB is on the way out, the first political causality of the IMF program and its preconditions. Will the MOF be next or can he pull a rabbit out of a hat and keep his head?
    Who would hold a press conference after getting their walking papers?

  15. Concerned Citizen Avatar
    Concerned Citizen

    Darcy Boyce will be appointed Governor of Central Bank in October 2014. Thus he is being asked to go earlier.

  16. David Avatar
    David

    We note Boyce has been given the responsibility to Chair the Caricom Committee on behalf of a Barbados.

    On Saturday, 12 July 2014, Barbados Underground wrote:

    >

  17. Stew Peas Avatar
    Stew Peas

    Caswell,

    the lotto winnings is the money that Dennis Lowe “thief” from the taxpayers of Barbados and put in his mother account that he cannot have access to since her death.

  18. Colonel Buggy Avatar
    Colonel Buggy

    the lotto winnings is the money that Dennis Lowe “thief” from the taxpayers of Barbados and put in his mother account that he cannot have access to since her death.
    ………………………………………………………………………
    His lucky numbers will come up again when he completes the building of the proposed multi- storey SSA HQ , and the State-of -the -art SSA Mechanical Workshop.

  19. Colonel Buggy Avatar
    Colonel Buggy

    Excluding the media or taking control of the media. The hall mark of a dictatorship.

  20. David Avatar
    David

    The world awaits the evidence that Lowe’s account has swollen to 5 million dollars.

  21. Colonel Buggy Avatar
    Colonel Buggy

    What evidence what ,David ? I remember distinctly one PM stating on CBC TV,for all to hear, that he had an FBI Report on his desk,and was going to ” pursue it to the four corners of the law”. We are still waiting .
    Our politicians are able to cover theirs, and their Political Class’s arses, quicker than a night worker on Bush Hill when caught in a car’s glaring head lights.

  22. Bajan Yankee Avatar
    Bajan Yankee

    @caswell, why the FIU or the DPP as well as the Bank in get a trigger from the source of fund documentation? I find this to be just another rumor although I see it on Facebook he driving a BMW X5.

  23. Bajan Yankee Avatar
    Bajan Yankee

    Heard from from a cousin in the media that Sinckler got over a $100,000 in a libel suit from the Nation over an article. So money ain’t a problem for Sinckler

  24. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Imagine a blog that should have been generating serious comment on the cancellation of the Governor of the Central Bank of Barbados media conference – formerly scheduled for the Tuesday, 15 of July 2014, otherwise being reduced to such impertinence??

    PDC

  25. Dompey Avatar
    Dompey

    PDC

    What is there to discuss be about the cancellation of the Governor of the Central Bank schedule media conference, but mere speculation and innuendo? And how would it in any significant way generate productive conversation here on BU? Unless you’re privilege to information that the rest of us do not have?

  26. Pachamama Avatar
    Pachamama

    @ PDC
    Why is this cancellation so important? We should be past this reading of tea leaves and move to the next stage. We already known that these people have not a clue. So why demand a ‘church service’ to indoctrinate the sheeple with irrelevant wanderings. We should have long ignored these people and be focused on the new world we hear whispering – Arundathi Roy.

  27. ac Avatar
    ac

    well when wunna hear the reason for the cancellation..wunna gonna look like a bunch of retarded clowns,,,,,,fools,

  28. Caswell Franklyn Avatar
    Caswell Franklyn

    Stew Peas

    Thanks for the information. I don’t know what to believe these days.

    Colonel Buggy

    I note that you have Bush Hill experience.

    Bajan Yankee

    I notice that we share the same concern about the source of funds documentation. But have you ever heard about the Medes and Persians?

    >

  29. PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad Avatar
    PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    Central Bank of Barbados Surprisingly Cancels Press Conference@

    The Bank will do a report after they rake in the site taxes to report how much money they have, The Bank and now broke and have nothing but
    $000,000,000.00 to report , After you SUCKERS pay a slavery TAX for allowing vote buying Niggers in Office ,That now have to pay back the millions given and not reported , That by law need not be able to run for office again but can run to jail instead.,,

    If with all being said , by PLANTATION DEEDS and PDC , With the CUP looking out for the Nation Pass its own sight, What can we say ,but you we told you so , keep saying so and now so they are doing , Yet yard fowls still looking to prop up this PONZI fraud DBLP government .

    Now MIA and the BAR dont want to pay the taxes they have been lying and cheating by way of defraud with wrong papers , Claiming and collecting for over 20 years, Now they MIA and the BAR are invoice and mouth wide open looking say for they all will now have to expose them self to what they have to pay for out of pocket”
    This fraud tax will now slow down the fraud transfer of land for even more taxes have to be paid,
    We will hope that COW pay his tax to the bank and Bizzy,, Courts , LIME and the like Mrs Ram and every single on hiding from inland and clear land titles,
    Let hope the taxe are more than the rent to watch the Bitches run and all who run in to dead people house as if they holding a deed.
    Next Election the DBLP will need more than 50 Million US to Win the nest Election.

    We Are The Ones You Have Been Waiting On , There Is No One else To Do This But Us,
    We are here and we are doing it , Relax and watch the show,Crooks are Warned,

  30. Prodigal Son Avatar
    Prodigal Son

    The economy may have deteriorated so badly that not even the lying brute cannot defend the indefensible any longer.

  31. PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad Avatar
    PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    Central BROKE Bank of Barbados REPORT, the money gone,
    All the Minister have no less than $5,000,000 in their Mothers account,
    Another $5.000,000 in Father accounts
    Another $5,000,000 in outside man accounts
    Another $5,000,000 in out side woman accounts
    Another$5,000,000 in Drug dealer laundering accounts
    Another $5,000,000 in CLICO ACCOUNTS
    Another $5,000,000 in credit union account
    Another $5,000,000 in Offshore Accounts
    Another $000,000,000.05 in Inland rev account NO MORE CENTS,
    Mission TO Tax the Tax, Tax the VAT, Tax X VAT=More taxes
    waive the TAX for the top 5 % of Barbados PIMP HOLDER TITLES ..
    MISSION ,
    Hike the water then tax it , hike the light then tax it , hike the fuel then tax it, hike the food then tax it , hike the road tax then tax it, hike the plane then tax it, what ever you see tax it ,IF IT MOVES TAX IT, soon we will have a beach tax and a Sun tax, sand tax , walking tax.

    We will never make any money on a THINKING TAX , FOOLS IN A POOL AT AROUND TABLE PLAYING RUSSIAN ROULETTE WITH A LOADED GUN, LOVE TO SEE THE END OF THAT.
    ,

  32. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Dompey and Pachamama,

    It is not just the cancellation of the media conference itself.

    The cancellation points to the deep operational and research crisis the Central Bank of Barbados has found itself is in.

    It is the latest in a series of operational research public relations bungles disasters and palavers that have been helping to project the Bank as a very failed and discredited institution in this country.

    For, we have had the Bank in recent time concoct the so-called unemployment figures of this country before.

    We have also had the Bank present utterly absolutely questionable growth figures in every quarter/year since 2009/2010 up to now – bordering on the providing of crude misinformation – to the public of Barbados.

    We have had – since the coming about of the current very protracted and deepening political economic depression in 2007 – the Bank – on too many occasions – presenting a picture of the political economy and services industry sectors being stable and projecting growth overall for these sectors, yet the general performance of these sectors have been weakening tremendously.

    We have had the Bank from time to time NOT ONLY grossly overstating the levels of foreign reserves of the government, BUT ALSO it approving harsh fiscal and monetary policies by the government aimed at restricting growth in the levels of the foreign reserves.

    We have had successive downgrades reflecting a worsening in the international credit rating of the government of Barbados by Moody’s and Standard and Poor’s, yet the Bank has been providing no proper justifiable policy responses to them.

    It is therefore very patently clear that the Bank is fast becoming an extinct species in an era in Barbados where the dissemination
    and communication of information data on the political economy and service industry sectors of this country are increasingly being democratized liberalized away from this institution; where traditional methods models theories that the Bank has been using to describe and explain and posit many things about these same sectors have become so very flawed, so very unreliable and so much ineffective, and in an era too – where – for instance – related things like PRICES, INFLATION, the Theory of Value, DEMAND and SUPPLY, etc do NOT have any OBJECTIVE existence, and furthermore in an era where economics has been proven by many of its practitioners to be the most unscientific untruthful and discredited of all the social academic disciplines carried on in this country; and finally where many pronouncements decisions policies coming out of or related to the involvement of the Bank have been subjected to much unprecedented scrutiny critique from many sources in Barbados. For example, the Medium Term Fiscal Strategy and the Revised Medium Term Fiscal Strategy have been seriously rightly excoriated by many people in Barbados. For instance by some of Pat Hoyos writings in the Barbados Business Authority.

    So, while we have accepted both your essential points, the greater point is more than comments on the cancellation. The greater point involves substantial comments by commenters on the severely worsening social political material financial circumstances in which the country is in right now; on the increasing falling off of local foreign investor producer confidence in the management of many of the material financial affairs by the government and the Bank at this stage; on the proven sheer moral intellectual political bankruptcy and degeneracy of the government’s continuation with westernized models of planning implementation controlling monitoring of fiscal financial monetary policies and programs in this country, among so many other things.

    Indeed these are areas too that the Governor of the Central Bank of Barbados – the supposed lead advisor to the government – A PUBLIC SERVANT – must be critically probed on by some very able competent practicing journalists of the media in Barbados – in the absence of an appropriate committee of the Parliament being able to summons him before it to answer questions about the appalling state in which the overall political economy and services industry sectors are in and going to be in for a while.

    PDC

  33. David Avatar
    David

    @PDC

    There is merit in your last comment. In any enlightened democracy, a regulator, and in this instance the Central Bank of Barbados would have had to offer a reasonable explanation for the cancellation. Bear in mind the Governor has held a press conference following every performance economic review since taking up office. And at a time when the economy is on the skids the communications level needs to remain UP!

  34. Life changer Avatar
    Life changer

    Pehaps the “intrenal audit” projection statment we are waiting for, still means, they can’t DO THERE JOBS PROPERLY or are they. Face it, Corruption is one of three categories of fraud recognized by any Fraud Examiners (the others being the main visual stimulants for the Bajan PUBLIC to see, financial statement fraud and the misappropriation of assets/embezzlement). The standards to which Directors of any Internal Audit are held are clear: specifically they stipulate that “the internal auditor must possess sufficient knowledge to be able to recognize evidence of fraud, but he or she is not expected to possess the expertise of an individual whose primary responsibility is the detection and investigation of fraud.”
    In my opinion the most important term in this quotation is that of ‘evidence’ as it evokes the Barbadian notion of a red flag. It is not a question of direct proof but more one of ‘an indication’ that should create at least a minimum of doubt or suspicion.
    What’s going to be left in your wallet ??

  35. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    David,

    Very well stated (your most recent above comment).

    Well, we have previously said on BU and elsewhere that many members of the public of Barbados must ensure that there is brought about a proper and well established Commission of Inquiry by the government into many of the operations of the Central Bank of Barbados.

    We have reiterated the call for that to happen!

    We have been hearing too many sinister allegations from various citizens of Barbados about the falling quality of so many operations and research techniques of the Bank that – on face – clearly undermine what little reputation we think it has now as the major financial institution in this country.

    PDC

  36. islandgal246 Avatar
    islandgal246

    They cancelled because they trying to come up with more new lies and are checking to see what lies they have already told us.

  37. Bush Tea Avatar
    Bush Tea

    @ David
    In any enlightened democracy, a regulator, and in this instance the Central Bank of Barbados would have had to offer a reasonable explanation for the cancellation
    +++++++++++++++++++
    Having first qualified that statement, surely you are not surprised that no explanation was given….
    Did they ever explain the situation where a messenger was able to steal $1M from the central bank..?
    Also…
    Any governor who publicly made those statements about the logic of currency exchange rates should have resigned next day in shame….he should quietly go and join BARL….

  38. David Avatar
    David

    Where else in the world would the media be handed a ‘big rock’ and take it without a fuss? Could this happen in any developed country? The entity we know as the fourth estate would be giving the country an earful.

  39. PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad Avatar
    PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    The only growth we have is in Crime, Fraud, taxes , money laundering, stolen lands unpaid for and in full use by the DBLP ,
    MIA and BAR lawyers now to cry they have to pay site tax on all we see they have taken from Violet Beckles,

  40. Well Well Avatar
    Well Well

    Plantation…….as i understand it they are being allowed to open more and more laundromats in Barbados, lots of laundries posing as business places, the latest one i am told is called Platinum Laundry…oops, i mean Motors.

    I kept wondering why AC was telling me last week to go and do my laundry if i have no laundry to do and all of that……..the yardfowls would definitely know about laundering in Barbados.

  41. Well Well Avatar
    Well Well

    Platinum Laundry……sorry, Motors was formerly Honda Motors that was recently bought by Peter Harris.

  42. PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad Avatar
    PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    Well Well | July 13, 2014 at 1:24 PM | @
    reach me at
    http://www.moorishcourt@gmail.com

  43. PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad Avatar
    PLANTATION DEEDS FROM 1926 TO 2014 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    PDC keep keeping it on, We think there is some Life out there,

    What we spoke of at our meeting happening NOW,

  44. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    The Leader,

    Thanks on the behalf of the members, associates, supporters, and friends of THE PDC for your encouraging comment just above.

    Indeed, there is an ever growing and mighty groundswell of opposition towards both these intellectually and politically bankrupt and discredited DLP and BLP disorganizations in this country.

    These ramgoat ramshackled corrupt factions MUST GO!!

    PDC

  45. David Avatar
    David

    BUT there is no visible alternative.

  46. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Many people are continuing to help build our party and by extension the CUP.

    As it stands now, the PDC continues to ask for and accept monetary and other donations from members of the public of Barbados to assist in our preparation for the next general election in this country, to assist in the maintenance of the party, and to assist many persons who come to us almost on a daily basis for financial assistance in so many regards.

    No doubt these aspects are very crucial to our party’s future growth and development, as we move further ahead in making the PDC’s social political brand more VISIBLE and ACCEPTABLE within the political market.

    So, it is at this stage, that we would like to thank the many hundreds of people, in Barbados, who have so far kindly and generously donated to this very important PDC financial initiative, and who – in doing so – have been reposing greater faith and confidence in our party and its theories, policies and activities in this country.

    PDC

  47. Nostradamus Avatar
    Nostradamus

    Check the back page of the Nation today July 14, 2014. The man can’t hold a press conference and do what he is paid to do by the taxpayers but he can be seen braying like a ……..

  48. David Avatar
    David

    Who wants our Central Bank to become warped by controversy? The Central Bank has always been a respected institution, until now.

    What is this report that the MoF is onside with many of Estwick’s recommendations? Yet, the loud minister of agriculture has fired back the government is not rolling out the right policy prescription:

    Eye to eye?

    Estwick issues fresh warning, as Govt agrees to implement aspects of his economic plan

    Added by Emmanuel Joseph on July 15, 2014.

    Saved under Economy, Local News

    The controversial David Estwick alternative economic plan for Barbados is being implemented –– at least partially.

    DAVID ESTWICK 1

    David Estwick

    Minister of Finance Chris Sinckler made a revelation in a wide-ranging interview with Barbados TODAY, in which he said Government was prepared to take on board those aspects of the proposals relating to tax policy and investment.

    “Those are the ones in particular that could give immediate effect,” Sinckler said, adding that “there are others that have more long-term germination, and we continue to work on those assiduously”.

    In terms of investment, he explained that Government was particularly interested in Estwick’s suggestion that it look at countries such as the United Arab Emirates (UAE) as a non-traditional source of funding.

    “It’s not only UAE. Everybody emphasizing the UAE. Dr Estwick was giving an example of who and where you may get alternative resources from, as opposed to just constantly going to the capital markets and borrowing at exorbitant rates [of interests].

    “I don’t think anybody can argue with that logic, because that’s something that makes sense. So it’s not only UAE. He mentioned the Kuwaitis; he mentioned the Chinese; and so forth and so on.

    “So we are looking at all of these in terms of an alternative financial structure that brings down the cost of the capital, which Government has to engage for larger projects and major investments that are necessary for the country to spur economic growth and development,” Sinckler added.

    The Minister Finance’s revelation brings an end to months of speculation and debate over how the Government would treat to Estwick’s proposals for achieving sustainable growth and attracting new investment.

    The matter had been seen as a source of divide within the Cabinet, especially since Estwick, who’s the Minister of Agriculture and Water Resource Management, had pre-empted its disclosure with a suggestion that the country was headed down the wrong economic path.

    The former Minister of Economic Affairs had also written Prime Minister Freundel Stuart before presenting his alternative plan to Cabinet for consideration, but eventually went silent on the whole matter after no word was forthcoming on how the Government would proceed with either him or his proposals.

    However, Sinckler told Barbados TODAY he had seen Estwick’s presentation even before Estwick had presented it to Cabinet.

    “I saw the presentation before it was made; I spoke to him before he made it; I heard it when it was made. We spoke during the presentation and I subsequently had meetings with him after on that matter,” Sinckler said.

    Amid suggestions that he and Estwick were at odds over the way forward on the economy, the Minister of Finance also declared: “We see eye to eye on various aspects of it, as other colleagues in the Cabinet do.

    “Dr Estwick has full gamut and support from myself, [and] the ministry to execute the elements of that programme that we think can impact positively on the economy. And I have given my full support,” he promised.

    However, when contacted today Estwick warned that Government was still continuing “to use the Budget of taxation and expenditure reduction, which cannot work”.

    “It will continue to precipitate a contraction of the economy,” he told Barbados TODAY while highlighting the need for a sinking fund strategy to refinance and restructure the country’s debt.

    “I said that you could not use the traditional Budget tools of taxation and expenditure reduction to get out of a current account deficit of $1.5 billion, when your long-term debt cost is increasing and your reserves are under stress and the Central Bank has been printing money for two years plus,” the Cabinet minister said.

    “Reducing salaries and wages by retrenchment does not deal with this matter if your borrowing cost increases, as is happening,” he added.

    http://www.barbadostoday.bb/2014/07/15/eye-to-eye/

  49. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    We continue to state on BU and elsewhere for many people in Barbados to understand and accept, that there must urgently be a new model of development brought about by the majority of adult people in Barbados for this country..

    Such a model of development must essentially be an indigenized, egalitarianistic, participatory, people-centered model of development for this country, away from this present essentially westernist, oligarchic, dependency and exploitative model of dedevelopment for
    this country.

    PDC

  50. Wily Coyote Avatar
    Wily Coyote

    I can now see why the press conference was cancelled, who would want to justify this report ??????

    http://www.centralbank.org.bb/WEBCBB.nsf/%28hpPublications%29/7B6123A86F82DE2F04257D16005D7ABC/$FILE/Press%20Release%20%20July%2015%202014-1.pdf

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