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Governor Delisle Worrell Repeats Himself

The following statement was made by Governor Delisle Worrell in January 2011. .“Barbados economy predicted to grow by 2% The Governor of the Barbados Central Bank, Dr. Delisle Worrell says the island’s economy is expected to grow by about 2% this year [2011]. Dr. Worrell says the projected economic growth will result from improvement in…

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Dr. DeLisle Worrel
Dr. DeLisle Worrel

The following statement was made by Governor Delisle Worrell in January 2011.

.“Barbados economy predicted to grow by 2%

The Governor of the Barbados Central Bank, Dr. Delisle Worrell says the island’s economy is expected to grow by about 2% this year [2011]. Dr. Worrell says the projected economic growth will result from improvement in the performance of key sectors including tourism. Dr. Worrell’s annual economic review shows that up to November 2010, tourism improved with increased arrivals from North America and Canada. He said beyond 2011, the economy is expected to achieve a 3% rate of growth. However, he added that this depended on a number of factors including a full recovery of the tourism sector” – RJR News

24 responses to “Governor Delisle Worrell Repeats Himself”

  1. Hants Avatar
    Hants

    @David,

    Canada’s real GDP is expected to hit 2.3% this year and 2.4% in 2015

    Hope springs eternal.lol

  2. Governor Delisle Worrell Repeats Himself – Vibe Audio StationVibe Audio Station

    […] Governor Delisle Worrell Repeats Himself […]

  3. Postage Paid Avatar
    Postage Paid

    Hope is not a strategy.

  4. Dompey Avatar
    Dompey

    Okay the Governor repeats himself. This could only meaning two things: (1) The Governor is loco. (2) The Governor is in the early stages of Cognitive-Decline.

  5. caribcanadian Avatar
    caribcanadian

    I don’t think we are going to see a recovery any time soon…numbers…no numbers.

  6. BAFBFP Avatar
    BAFBFP

    If only Barbados was a member of the OECS Central Bank … No need to continue servicing the lifestyles of this local platoon of unnecessary sycophantic academics

  7. Governor Delisle Worrell Repeats Himself – Black Caribbean On-Line

    […] By David […]

  8. Gabriel Avatar
    Gabriel

    Baffy
    I have said it earlier this year.I understand it is a recommendation of the IMF on their last visit when they bemoaned the interference of the MoF in the cost overruns/losses at the Central Bank and the printing of money to shore up the government.The EC dollar will be the currency of this realm again.

  9. BAFBFP Avatar
    BAFBFP

    Gabriel

    If only there was a genuine desire to the right thing …

  10. St George's Dragon Avatar
    St George’s Dragon

    One of the problems is that Sinckler failed to follow up on the restructuring of the Statutory Corporations. Wasn’t that going to happen in March / April? Presumably they are still leaking money.

  11. millertheanunnaki Avatar
    millertheanunnaki

    @ Gabriel | October 23, 2014 at 9:20 PM |
    “The EC dollar will be the currency of this realm again.”

    Such an efficient and effective move would not only see the removal of the CBB from the financial landscape of Barbados but also bring about a significant diminution in the financial cockiness of the Bajan people.

    In its present form the CBB serves no useful purpose other than being part of the propaganda machinery of the ruling administration.
    The main role of issuing currency notes could be taken up by a special unit in the MoF.
    The death of the Bajan dollar would be a massive dent (exceeding the impact of an acute myocardial infarction) in the Bajan heart of pride with no industry to show.
    Oh, how the mighty have fallen when Bajans used to laugh at other people’s dollar!

    As the Mighty Chalkdust would say “Dem white people laughing at (wunna)”.

  12. Answer Avatar
    Answer

    Delisle or Clyde, take your pick.

  13. David Avatar
    David

    Dr. Justin Robinson is heading a team on the rationalisation of statutory bodies project.

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

    Both these intellectually and politically backward, bankrupt and discredited political disorganizations called the DLP and BLP are primarily responsible for the very increasingly dire and decaying state of the political economy and services industry sectors of this country.

    We have stated on here and elsewhere that they must be ABSOLUTELY PERMANENTLY removed from the parliament of this country by the broad masses and middle classes of people, in less than four years from now, or else this once fairly prosperous country will become more and more like Jamaica has over the last 40 years or so become, in so many more ways – a virtual failed state – a second rate so-called Third World country – in the next 7 to 12 years.

    PDC

  15. Crusoe Avatar
    Crusoe

    Maybe the Guv’nor prepping for election? So, repeating the message, to drum it in.

    Is an election on the way? Just a loose ball to see if anything sticks mind you….. but, why so earnest to push the point?

  16. millertheanunnaki Avatar
    millertheanunnaki

    @ David | October 24, 2014 at 1:06 AM |
    “Dr. Justin Robinson is heading a team on the rationalisation of statutory bodies project.”

    Really? When therefore would the project’s report be completed and proposals implemented? By the Twelfth of Never in time to meet the $174 Million fiscal adjustments expected to be achieved before the current year-end of March 2015?

    The man is an academic oddball who promises much but delivers nothing. If this man can’t even deliver the NIS financials (primarily involving the collating and arranging of historical numerical data in standard format) promised since December 2012 how on earth could such a wide-ranging exercise of restructuring statutory bodies be achieved in a politically comatose Barbados unless ‘experts’ from overseas and mandated by the IMF are driving the process with the Devaluation sword of Damocles holding over the heads of the local incompetents?

    Are you forgetting that the report on the so-called Statutory bodies restructuring exercise was promised by the MoF in his December 2013 Ministerial statement and was given by the P M a June 2014 deadline for the report to be submitted.

  17. David Avatar
    David

    @Miller

    The rationalization of the Boards should have been part of a critical path implementation to achieve efficiency in the public service. It was time sensitive BUT we are left to guess. The stony silence shrouds the land.

  18. Bush Tea Avatar
    Bush Tea

    @ David
    Dr. Justin Robinson is heading a team on the rationalisation of statutory bodies project.
    ++++++++++++++++
    Oh shiite…..WE DEAD NOW.

  19. BAFBFP Avatar
    BAFBFP

    Where does one go to find out the studies being undertaken by Government and the cost per study that tax payers are asked to pay ..?

  20. David Avatar
    David

    @BAFBFP

    You need to follow the truck en route to the dump.

  21. ac Avatar
    ac

    Keeping in line with the article theme. Economics cannot be scientificaly tested or proven in a lab.it is a science that soley depends on activites derived by man, which includes movements and trends and in part exposes an economist to high risks of failures which include over or underestimating an economy success.the global world wide melt down is a prime example and proof that with all the intellect and best brains no one entity or person can predict in which way or direction the economy will evolve

  22. Artaxerxes Avatar
    Artaxerxes

    millertheanunnaki | October 24, 2014 at 6:28 AM |

    “Are you forgetting that the report on the so-called Statutory bodies restructuring exercise was promised by the MoF in his December 2013 Ministerial statement and was given by the P M a June 2014 deadline for the report to be submitted.”

    This is very true Miller, perhaps the government failed to address this issue in June for obvious reasons.

    Recall in January 2014, during a media briefing on the economy held at Government Headquarters, Sinckler revealed that of the 19 statutory corporations in Barbados, some will be merged, where feasible the private sector would be involved in a few and the others would be closed.
    Sinckler told the media the final report on the operations of the statutory entities should be completed by at least January 7, 2014 and by the end of January. Cabinet would examine the recommendations.
    He said, ““We are currently reviewing the operations of 19 statutory corporations with a view to consolidating their operation….”
    “The final report will be presented to Cabinet shortly and implementation, following wide and intense discussions with all of our Social Partners, will commence in April 2014.”

  23. Artaxerxes Avatar
    Artaxerxes

    millertheanunnaki | October 24, 2014 at 6:28 AM |

    Essentially, the fate of these quasi government departments and their 9,000 employees was to be known by April 2014.

    Remember, the Central Bank Governor revealed in his report that a “further revenue enhancement and expenditure adjustment equivalent to 2.0 percent of GDP will be required in the second half of the fiscal year, to bring us to the target deficit of 6.6 percent of GDP.”
    In other words, government must further reduce expenditure by the end of the financial year ending March 31, 2015 to achieve the target of 6.6% of GDP. One method to do this……. rationalize government Boards.

    The closure of statutory corporations will obviously result in terminations. As it relates to mergers, bear in mind if there are mergers of departments in central government, staff can opt to go to other departments. However, this is not the case with Statutory Corporations. Hence, mergers will also result in terminations.

    Government took almost 8 months to pay severance to those former employees of NCC, Transport Board, Drainage Unit, and Beautify Barbados. An additional retrenchment of government employees is imminent. Severance payments and gratuity will increase government expenditure. Therefore, what is the guarantee those individuals who will be displaced by this rationalization of statutory corporations will receive their payments before March 2015?

    Government must also “further enhance revenue.” So far this administration has over taxed us, which was admitted to by none other than the MoF. Therefore, taxes may not be on the books this time. But we must take note Sinckler said a few Boards would see the involvement of the private sector where practical. What other way to raise revenue other than taxes?……. paying market prices for good services provided by the government, or privatization.

  24. BAFBFP Avatar
    BAFBFP

    David …

    The dump ..? Yah mean there is no recyclable value for all dah MONEY and effort ..?

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