Tag Archives: DeLisle Worrell
Central Bank of Barbados

Barbados Economy Grew 0.5% in the 2nd Quarter 2015

The headline of the Central Bank’s review of the 2nd quarter 2015 performance is 0.5% growth. According to the Central Bank the growth was driven mainly by by tourism and the country is on track to achieve 1% growth for the 2015. BU continues to be very aware growth is being driven mainly by tourism. […]

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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 […]

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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 […]

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Central Bank of Barbados Surprisingly Cancels Press Conference

Central Bank’s second quarter review is scheduled for 15 July 2014.  A visit to the Central Bank website states, “UPCOMING EVENTS, July 15: Release of Analysis of Barbados’ Economic Performance for the first six months of 2014 Time: 2:00 p.m.” BU has been advised that the Central Bank has cancelled the news conference which has […]

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Barbados Governance and Next Steps

The respected Bloomberg posted the headline [13/12/2013]  Barbados Debt Higher Than Cyprus Prompts Firing of 3,000. The preamble to the article reads “Barbados will fire 3,000 public sector workers by March and freeze wages as the eastern Caribbean island’s debt burden soars and the International Monetary Fund says “urgent adjustments” are needed.”  BU recalls in […]

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Governor Dr. Delisle Worrell Issues Plea to ALL Barbadians, LET US PLAY OUR PART!

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Review of Barbados’ Economic Performance January to June 2013

Text – Review of Barbados’ Economic Performance for the first six months of 2013

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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, […]

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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 […]

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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 […]

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Review of Barbados' Economic Performance for the First Nine Months of 2012

Review of Barbados’ Economic Performance for the First Nine Months of 2012 (Text)

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Governor DeLisle Worrell Publishes How to Stabilize and Grow Small Open Economies

A Joint Caribbean Group met recently with senior members of the International Monetary Fund (IMF) and World Bank. The Managing Director of the IMF Christine Lagarde of the IMF will remember the meeting for the sharp exchanges which are reported to have occurred with the Governor of the Central Bank of Barbados DeLisle Worrell. Forgotten […]

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Stabilisation Policy with a Fixed but Market-determined Exchange Rate

The following paper by Dr. DeLisle Worrell, Governor of the Central can be found on the Central Bank’s website in its Economic Review for August 2012. In light of the heavy criticism levelled at the Governor by many of his critics – who have NOT taken the time to publish – BU links to the […]

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Notes From a Native Son: Bad Economics and Bad Policy-making Are the Root Causes of our Economic Problems

Introduction: Recently, the governor of the central bank, DeLisle Worrell, wrote a rather interesting essay for a leading economic website putting a case for small economies, using Greece as the model. Since the governor has avoided any public debate about the sorry state of the Barbados economy, which can be put down to simple rudeness, […]

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