Tag Archives: Central Bank of Barbados

The More Things Change

The following column written by Dr. Clyde Mascoll was extracted from the Nation newspaper. BU agrees with the author. ONLY TWO of the major sectors in the Barbados economy have grown in the last eight years […]

48 Comments Continue Reading →
IADB_$70 Million for an Enhanced Guarantee Fund

The Governor’s Acid Test

Submitted by Heather Cole (The Barbados Lobby) We often think that some of the subjects that we took in High School and College are a waste of time and not practical to use in everyday life since we never used them again. My last interaction with chemistry […]

44 Comments Continue Reading →
Statement on the Review of Barbados' Economy for the First Q1

Is Governor Delisle Worrell Preparing Barbadians for a Contraction in the International Reserves?

The Governor of the Central Bank Delisle Worrell posted a full colour page in today’s media titled “More Foreign Reserves are not Necessarily Better”, the thesis of which is,  “Countries should maintain foreign exchange reserves sufficient to allow time to adjust to the vagaries of international markets, so that banks and traders do not become […]

34 Comments Continue Reading →

Rush for Savings Bonds

Sometimes one has to wonder. The media and analysts have been mostly silent to explain reports two 10 million and one twenty five million savings bond issues have been fully subscribed within hours of being floated. The recent decision by the Central Bank of Barbados to remove the regulation to pay Barbadian a minimum savings […]

147 Comments Continue Reading →

Sack Worrell and Sinckler

In May this year Governor Delisle Worrell issued a directive to ban the Nation newspaper from participating in press conferences hosted by the Central Bank of Barbados. His action provoked wide condemnation from every corner within in civil society. The Governor and Central Bank obviously yielded to the pressure and public expectation reverted to the […]

68 Comments Continue Reading →

Walter Blackman’s Perspective on Devaluation and ‘Printing Money’

As a result of the perilous state of the Barbados economy, accentuated by a recent 3 notch downgrade by Moody’s and a follow up visit in June by the IMF after a worrying Article IV Consultation in December 2013, the conversation about devaluation and management of government debt has become a topic of national interest. […]

135 Comments Continue Reading →

Central Bank and the Nation Newspaper – Bank Regulator and Media House

The Central Bank of Barbados respects and embraces freedom of the press and the importance of the dissemination of timely and accurate information and as such has not banned the Nation Corporation. The front page of the Sunday Sun of May 11, 2014, carried the headline “Cut Off”. The Bank assures media practitioners in Barbados […]

78 Comments Continue Reading →

Caribbean Capital Reserve a Total SCAM

Submitted by Due Diligence Thanks for the heads up on the CCB alert about Caribbean Capital Reserve. Thanks also to Hants for encouraging me to dig deeper than just posting the bio for Sir Jimmy from the CCR website. Barbadians are known for having short memories, the recent eruption about lack of transparency in the […]

62 Comments Continue Reading →

Central Bank of Barbados: Political Tool or Facilitator of Economic Development?

Submitted by the Mahogany Coconut Think Tank and Watchdog Group We are not a bit surprised that former Governor of the Central Bank, Sir Courtney Blackman is blaming both the Barbados Labour Party and the Democratic Labour Party for the current financial woes. We are also not surprised, that the current Governor, Dr. DeLisle Worrell, […]

Leave a Comment Continue Reading →

Notes From a Native Son: Has the Central Bank Failed to Give the Nation Any Direction on Economic Recovery

Introduction: The governor of the Central Bank appears quite clearly to have lost all sense of balance as far as the local economy is concerned. Not only has he been in office for the last five years or so, he is yet to come up with a publicly available reasoned and detailed plan for rescuing […]

Leave a Comment Continue Reading →

Notes From a Native Son: Before Voting, think with your heads and not your hearts

Introduction: When the voters of Barbados enter the polling booths on Thursday, it will be an enormous challenge for them to abandon old political tribal loyalties and objectively put the nation, future generations and their own futures before irrationally supporting a party or candidate they have always supported, while suspending reason. The harsh truth is […]

Leave a Comment Continue Reading →

Notes From a Native Son: Captain the Ship is Sinking – Is Worrell the Best Man to be in Charge of the Central Bank at a Time like this?

Introduction: In the preface to its recent Alternative Worlds report, the US National Intelligence Council observed: “The world of 2030 will be radically transformed from our world today. By 2030, no country – whether the US, China, or any other large country – will be a hegemonic power. “The empowerment of individuals and diffusion of […]

Leave a Comment Continue Reading →

Governor Dr. DeLisle Worrell the Controversial

Dr. DeLisle Worrell will go down in history as one of the most visible and controversial Governors of the Central Bank of Barbados. He is certainly not a Kurleigh King, Calvin Springer or Winston Cox, perhaps closer to a Dr. Courtney Blackman. Some Barbadians have become concerned by what appears to be virulent attacks directed […]

Leave a Comment Continue Reading →

Notes From a Native Son: Bank Regulation is Serious Business, Not Child’s Play

Introduction: At a time when banks in Europe, the US, Japan and Britain are imploding and every jurisdiction is enforcing legal requirements on financial institutions, the authorities in Barbados have come up with a wonderful idea of a voluntary code – see Feedback Invited On Draft Banking Code Of Conduct. It is interesting that many […]

Leave a Comment Continue Reading →

The Arduous Task Of Accessing Funding For Development Purposes In Barbados

Submitted by BAFBFP It is with great sadness that I find myself obliged to expose this obnoxious fallacy, that there is such a thing as access to development funding in Barbados. You see years ago, even before the demise of the Barbados Development Bank, right minded agencies like the Central Bank of Barbados, the National […]

72 Comments Continue Reading →

Call For Commission Of Inquiry At The Central Bank

Submitted by the People’s Democratic Congress (PDC) Under the cost of use of money theory, there is no way that the cost of use of local money/value (theoretical/actual) would actually be trending downwards in the country and at the same time there would  NOT be taking place sustained annualized real growth in the political economy […]

Leave a Comment Continue Reading →

The Politics Of Smoke And Mirrors Fuelled By 1.9% Margin Of Error

BU has defended the need for the Central Bank of Barbados to zealously guard its reputation.  The Governor of the Central Bank has suffered from the tongues of fellow economists Owen Arthur and Clyde Mascoll over his method of communicating on the economy. In light of the recent decision by the Central Bank of Barbados […]

127 Comments Continue Reading →

Performance Of Barbados Economy Up To Q3 Falls Short Of Forecast

Review of Barbados’ Economic Performance for First Nine Months of 2011 (Text)

Leave a Comment Continue Reading →