Economic Forum Hosted by the Central Bank of Barbados

centralbank-forum

From the left, Jewel Brathwaite, journalist, Dr. Winston Moore,Head of the Department of Economics at the University of the West Indies, Cave Hill, Governor of the Central Bank DeLisle Worrell, Donna Wellington, President of the Barbados Bankers Association and Reginald Farley, Executive Director of the Institute of Chartered Accountants of Barbados

Central Bank of Barbados Governor, Dr. DeLisle Worrell and a panel of experts comprising Professor Winston Moore, Head of the Department of Economics at the University of the West Indies, Cave Hill; Donna Wellington, President of The Barbados Bankers’ Association; Reginald Farley, Executive Director of the Institute of Chartered Accountants of Barbados; and Jewel Brathwaite, a well respected business journalist discussed a wide range of topics related to the economy.

Throughout the evening, the panel took questions from the forum’s two moderators, Dean St. Hill and Patrick “Salt” Bellamy, as well as from the studio audience and from Facebook, where the event was being livestreamed. Over the 90 minutes, issues such as the fiscal deficit, the decline in the island’s foreign reserves, the printing of money and the effects of low productivity were debated with a great deal of candor. (Central Bank website)

Watch the entire forum below :

 

124 comments

  • Miller and AWTY

    This is going to be an interesting week…..lets see if the teflon holds,only slightly dented not torn yet……

    Like

  • Forget the foreign reserves, that is voodoo. The real problem is a lack of fiscal and monetary policy.

    Like

  • Where are Alvin Cummins and the ac consortium of yard-fowls?

    The day of reckoning is at hand.

    Stop hiding in the pit toilet and show your dirty face crying with abject shame from what is happening between the Guv and his DLP bosses.

    Don’t turn into a ‘MIA’, come out and cuss the Guv for this show of fearful disobedience to the demands of his political masters.

    A spanner has been thrown into the workings of the printing press thanks to the devil that Bushie claims has risen from hell since the burying of the broken trident at the Garrison.

    First the shite spilling all over the place and now the pending collapse of the economy.

    “Beware the Ides of March!”

    Don’t be surprised if some public sector workers are not paid at the end of March.

    “Confidence thrives on honesty, on honor, on the sacredness of obligations, on faithful protection and on unselfish performance. Without them it cannot live.” ~ Franklin D. Roosevelt, First Inaugural Address (4 March 1933).

    “Trust not him that hath once broken faith.” ~ William Shakespeare, Henry VI, Part III.

    Liked by 1 person

  • @Hal

    And confidence!

    Like

  • Another scenario is being tied up in court for 15 months which will either allow us to see an innovative govt in action or an ealry election either of which will satisfy the populace.

    Like

  • Board of Directors

    Dr. R. DeLisle Worrell. Ph. D, Chairman
    Mr. Martin Cox
    Mr. Cecil McCarthy LL. B, (UWI) L.E.C.
    Ms. Onika Stewart LL. B (UWI) LL. M (Lond) L.E.C.
    Dr. Justin Robinson B.Sc., M.Sc., Ph. D
    Mr. Bjorn Bjerkhamn M.B.A.P.E., B.Sc.
    Mr. Elson A. Gaskin, LL. B. (UWI)., L.E.C.,
    M.B.A., M.I.C.B.S., Secretary to the Board

    WHEN ARE THEY GOING TO RESIGN?

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  • 1/3 of the board is made up of so-called lawyers, exactly what skill set do they possess to entitle them to members of the board?

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  • And this Own Area is the crux of our problem

    Job vacancies filled by names and people with so called social standing who do not have one freaking idea about what they are appointed to do.

    This is the scourge that Barbados is plagued by.

    A bane of Superlative Incompetents who, because dem is Sir So and So, emphasis pun so and so, get de job and proceed to ef it up royally, round pegs in square holes.

    For 5 years too

    Like

  • It couldn’t have happened to a more ardent disciple of the Fatted Calf Brigade.He pit his credibility on the line by….1)Fudging unemployment numbers to make the FCB look efficient……2)He drove a little Mini Cooper rather than utilize the Bank’s big ride,so as to identify with the impressionist mantra of cutting expenditure… 3)He refused to entertain questions from the Fourth Estate on the State of the Economy by substituting ‘fireside chats’on TV for open press conferences style reviews….4) He allowed the commercial banks to set their own interest rates and refused to control their lending rates so as to encourage junk bond sales to an unsuspecting public at a higher interest than savings rate….5)He took tainted the tainted money of one Clico man on instructions from a non leper politician…..6)He allowed use of milllions of the Housing Credit Fund to pay for construction of the Grotto project….7)He disregarded advice from the IMF to separate the day to day management of the Bank from the Ministry’s involvement in its management and control,that is to separate the monetary from the fiscal…..8)He affected the balance of the foreign account by continually tainting the money supply.
    Well the gloves are off.The Governor might have got an ex parte injunction from the High Court but his ass is grass and once again like they did to Dottin,the tax payer will pick up the tab.Christine Lagarde would have had the last laugh.Proof that it’s not what you know in life but how you play the game.

    Like

  • @ millertheanunnaki February 13, 2017 at 12:13 PM #

    “The day of reckoning is at hand.”

    …………………………………………………………..

    We told them so, did we not?

    What would be interesting to know is if this “resign or be fired” ultimatum was communicated to the governor after the cabnet met on Thursday.

    But look how they could find a judge on a Sunday to issue a stay order when people have been complaining bitterly that the court system is in such a mess.

    Well, I fully exect that all hell will break loose today as this government does not respect the law and by tomorrow who knows if they would get their selected COP to block the governor from entering the building.

    Who knows? I told my spouse last Sunday after reading the story that this is shaping up like the BTA-Sandi fiasco…………………

    Like

  • Excellent, Gabriel.

    Also remember that under his leadership the CBB consistently made losses with maybe two years exception.

    Under his leadership, he decided to make up his own statistics as we know that there is no way that the unemployment rate could be 9% and he has been consistently blowing the entertainment budget with exclusively catered meals………..let the “fun” begin!

    We warned them but they did not want to hear anything from us…their posture was…….. they won and were going to do things their way.

    Now we can see the light at the end of the tunnel but it is a big able freight train!

    Liked by 1 person

  • Anonymouse - The Gazer

    It seems as if the ac “think tank” are busy preparing a response.
    Interesting to see how they will spin this ball.

    Liked by 1 person

  • Owen Area,

    That is the problem, not just with the central bank, but with Barbados: the lawyers have carried out a non-violent coup.
    You are right, what skills set do the lawyers bring to central banking. We must purge ourselves of these people and we can start by rejecting them at the polls.

    Liked by 1 person

  • Well Well & Consequences

    “But look how they could find a judge on a Sunday to issue a stay order when people have been complaining bitterly that the court system is in such a mess.”

    This is on everyone’s tongue, Worrell gpt his namesake Worrell to open the supreme court on Sunday to issue an injunction.

    BUers been suggesting night court to cut into the backlog…..ah guess the taxpayer’s dont matter.

    Like

  • Well Well & Consequences

    “find out who the economist is that threaten to sue CBC if the facts of the financial raping of four seasons is ever revealed”

    I just came across this online comment…the government ministers and the opposition leader Mia along with the Persaud dude know well enough about the 4 seasons rape and rip off of NIS pension funds…..

    …….this is how the ministers and politicians misuse and abuse the island’s libel laws to rip off the taxpayers…none of them ever thought it would one day be exposed to the world…, DBLP members are disgusting bacteria posing has humans.

    Now that they are ready to disgard Worrell like garbage…if he had an ounce of decency, he would tell all publicly.

    Like

  • Dominoes are continuing to fall, world wide.. as “spokesman” for the private investor, grasping to straws to keep the ship afloat is futile… better to dump the cargo and go with the tide…better days ahead.

    Like

  • A little birdie told me to ask

    Was any board member a lawyer in the dead king”s law firm and by appointed by him to the board?
    Were any two board members slated to be interim judges before this plan was spoked and considered to be of favoured status by those holding the reins of power?
    Was any board member a major campaign contributor who has no real credentials to be on the board?
    Is the real problem that the governor gave a public warning about the printing of money and caused people to question if this country has any proper fiscal plan and the timing of the restored 10% salary?

    When you get the right answers the little birdie said you have to ask is the move to remove the governor more in the public’s interest or someone else’s.

    Liked by 1 person

  • Look how soon the duet has changed and, like a game of partners in dominoes, the duet of fellers who used to play for All Stars in the north now brek up causing a feller now gone down to St Michael N.E and playing on another team

    De grandson going have to do another “stoopid cartoon poster” for dat soon

    Like

  • De grandson sen dis fuh wunna

    007 Chris Bond Issues ultimatum while rhyming

    “Delisle (Worrell) read my script,
    or you going be … in deep sh*t”

    Delisle Responds

    “we Worrels rule,
    so EF. You”

    Dat dont rhyme do it?

    I going hafta speak to de grandson bout he rhyme and meter

    Oh oh i getting send to the back of the class…

    Like

  • Pingback: Economic Review (Debate) – beautifulbarbadosblog

  • E and playing on another team

    De grandson going have to do another “stoopid cartoon poster” for dat soon

    <! .

    Like

  • E and playing on another team

    De grandson going have to do another “stoopid cartoon poster” for dat soon

    .

    Like

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