Category Archives: Barbados Economy

Worrell Recommends Dollarization

Thanks to fellow blogger at for reminding the BU blogmaster to continue focus on the economy. The controversial former Governor of the Central Bank continues to push a line of argument about the advantages of dollarizing the economy. Discuss for 10 marks – David, blogmaster DeLisle Worrell: Sovereignty and the US Dollar Source: Reproduced with permission, the full

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IMF Executive Gives Thumbs Up!

The following is Press Release No. 19/235 on Barbados first review under the extended fund facility – David, Barbados Underground IMF Executive Board Completes First Review Under the IMF’s Extended Fund Facility for Barbados and Approves US$48.7 Million Disbursement June 24, 2019 The completion of the review enables an immediate disbursement of SDR 35 million (about US$48.70 million). A four-year

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Dr. DeLisle Worrell Says Time to Jettison Caribbean Currencies

Dr. De Lisle Worrell continues to be a controversial figure in Barbados. He suffered the embarrassment of being sacked by former Minister of Finance Chris Sinckler. The blogmaster will remember him for the fact he presided as Governor of the Central Bank during a period popularly labelled the Lost Decade. He continues to be controversial in his current role sitting

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White Oak and External Creditors: Flirting with Hobson’s Choice

  The blogmaster read the following article over night while perusing the financial newsfeed. Patriotic Barbadians that understand these matters are obviously concerned negotiations have stalled with external creditors. We have to go with communications being dropped in the public space. Commonsense support that it is not unusual creditors will push back against having to take a haircut. Barbadians wish

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Closer Look at IMF’s Austerity Programme for Barbados

Submitted by Tee White On 17 May, an IMF team led by Bert van Selm, a Dutch economist and senior IMF functionary, held a press conference in Barbados’ capital, Bridgetown. At this, they announced their findings, after a 10 day review of the country’s implementation of its IMF approved austerity programme, the Barbados’ Economic Recovery and Transformation (BERT) plan. A

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Kemar Stuart: A 21st Century Conversation

Submitted by Kemar Stuart, Bsc Banking and Finance (undergraduate), University of the West Indies. Prepared For Presentation at the , Democratic Labour Party, Astor B. Watts, Lunch Time Lecture, May 2019 The digitization process of Government is an initiative which the Barbadian community should embrace it may provide savings from duplication of processes within the civil service however this will

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