Central Bank Economic Review- Double Digit Decline Expected

The Central Bank of Barbados economic review of the economy was delivered today by Governor Cleviston Haynes.
The Central Bank of Barbados economic review of the economy was delivered today by Governor Cleviston Haynes.
@ Hants May 6, 2020 12:16 PM
We also owe this classification to the behaviour of local authorities in the Donville Inniss case. If the offshore financial sector fails, the public should remember COP and DPP.
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@ TLSN May 6, 2020 3:07 PM
We must not take all daydreams seriously.
500000 or 1 million inhabitants sound like Haiti to me. The island is already hopelessly overpopulated. The local economy supports a maximum of 200000 citizens.
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@David
If you have a beef with the EU’s position on sanctioning Barbados in relation to financial irregularities you should state your opinion but don’t conflate it with the EU’s humanitarian assistance re COVID19 to Iran.
Barbados has a PM who is very articulate who is surrounded by a bevy of Ministers and financial advisors who can give voice to the country’s displeasure at being included in a rogues’ gallery of recalcitrant nations that are unwilling to abide by guidelines as established by the EU.
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@Sargeant
The blogmaster is doing as you suggested, sharing his opinion.
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Has Ms Mottley returned to work officially? If so, when?
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Re: UWI
Mr Robinson is no professor, but a senior lecturer. BIG difference.
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You need to keep up. Robinson was made Professor months ago.
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Is she a financial analyst/adviser/economist? What is his experience, apart from sitting on the NIS and the central bank?
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@ David May 8, 2020 2:01 PM
Is this the same son of a cock robin who promised over 5 years ago to have the NIS financials prepared and presented in the soonest of time?
Isn’t this promotion to professorship in BS the classic example of the “Peter Principle” in full bloom?
BTW, he cock robin junior, would have made an excellent Tsar during this Covid crisis as you watch the sinking of NIS soon to be nicknamed the Social Security (SS) Bajan Bismarck.
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@ Miller
For years government been looking in the NIS cheque book and saying it got money in it so we must be sound. Of course if you is a rumshop and got to pay the coke truck that could work, but when you got payables for 20 years due to taxpayers I not so sure dat is a good idea!
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@ John A May 8, 2020 3:08 PM
The NIS is nothing more than the ATM of the government and the five white contractors. Look at Norway or Singapor, how the sovereign wealth funds invest their money there.
@ Miller May 8, 2020 2:25 PM
Mr Robinson’s promotion is a farce. In other countries, he would have ended up in jail for the Apes Hill Plantation scandal.
This shows once again that in Barbados it is mainly the weak, the stupid and the lazy who are supported.
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@Tron
you may recall the former most senior employee at the NIS, was promoted to the Director of Finance under your most honourable and supreme leader. He also sits on the Board of the Central Bank along with Dr.Robinson, and the NIS Board. Former NIS Board member Mr. Jordan, is now the Minister responsible for the NIS, while former Board member and currently elected BLP MP Mr. Gooding Edghill is the current NIS Chair. It would seem the NIS Board is a good place from which to move ‘on and up’. The lack of formal reports from the NIS, nor the NIS actuarial audits highlighting performance issues, are clearly not a reflection on any of the senior staff or board members, All should likely be recipients of this year’s Productivity Awards, hopefully to be handed out by fellow NIS Board member and head of the BWU Ms.Moore.
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*Mr Robinson is no professor, but.. *
Neither is the Avinesh but yet he and the BLP apparatchiks promote this false narrative.
By the way we haven’t heard from him in a while. What’s the latest news on White Oaks?
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This link is to clarify whether Robinson is a professor, some of you like to ‘run with it’.
https://www.barbadosadvocate.com/news/dr-justin-robinson-promoted-professor-uwi-cave-hill-campus
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https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-05-08/distressed-caribbean-countries-face-a-dilemma-they-re-too-rich
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Could be White Oaks agreement has a pandemic clause.
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What is he professor of?
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Could be White Oaks agreement has a pandemic clause
Meaning what exactly?
What is the situation with the foreign creditors?
Is this too much to ask?
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Meaning we are in a pandemic said to be the worse in history duh.
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@ Dullar d
I December we were told the government had reached a provisional agreement with its creditors, which in normal language means just dotting the I’s and crossing the t’s.
It is now May and we have not heard anything about a full and final agreement. It is a reasonable questions to ask: hat is the current state of the agreement and, if it has not been finalised, is White Oaks still being paid.
But there are also long-standing questions that still have not been answered. The Mottley regime came to power on May 25, 2018, and on May 30, 2018, it had signed its agreement with White Oaks and had defaulted. That needs a lot of explaining.
Was the official Opposition party in discussions with White Oaks prior to the general election? If so, can this be considered treason? If not, what happened with those days to rush through the agreement?
And, equally important, had any member of the government, its advisers or associates previously involved professional or in any other way with White Oaks, its partners or employees?
As a nation we have very short memories and are quite often satisfied with smoke and mirrors. If BU has a role in the Barbadian public debate, it is to hold power to account. If it does not, then it has become part of the problem.
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@Hal
Exactly.
@ David
Meaning we are in a pandemic said to be the worse in history duh.
If you have no clue there is no shame in saying so buddy. A simple “I don’t know” would have been good enough.
PS: Contrary to what may be paying you to convey, COVID-19 is not the cause of all the economic and social ills in the country.
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Seem like the good ship Barbados is still on course
https://barbadostoday.bb/2020/05/09/health-protocols-to-influence-hotel-design/
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The pool of tourists is shrinking
https://www.msn.com/en-us/money/markets/the-coronavirus-economy-is-exposing-how-easy-it-is-to-fall-from-the-middle-class-into-poverty/ar-BB13NcGm
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@Dullard
Appreciating sarcasm is obviously beyond you.
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Appreciating sarcasm is obviously beyond you.
Maybe! Look at the moniker.
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Point taken Dullard!
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@Dullard 5.51 am
a good read. Including a picture of the blue and white euphoria of noted smuggling exploits.
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IF the current active threads on BU, plus the various comments, are not enough for any FDI to exercise the highest level of ‘Caveat Emptor’, then they must have assessed the current conditions are very ripe for some nefarious deals.
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Source: Nation news
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Source: Nation news
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“Cox described the stimulus as an effort aimed at “the most vulnerable in the society, trying to support those groups. That’s something that is welcome”.”[quote]
Seemed to me, a large financial blanket was tossed over all, and each group got to pick out that for which they qualified. a.k.a shot gun approach. I guess that’s the difference between aiming and targeting.
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