Governor to speak on economic issues

Barbadians will very soon get a better understanding of how policymakers are addressing the country’s economic issues.

The Central Bank of Barbados has announced an initiative in which the Bank and captains of industry will examine, in a discussion forum, the strategy for sustainable economic recovery.

The first forum, titled, The Barbados Economy: Consolidation and Growth Strategy, will hear from Governor of the Central Bank Dr DeLisle Worrell, president of the Barbados Chamber of Commerce and Industry Tracey Shuffler, chartered accountant Andrew Brathwaite, and business journalist Jewel Brathwaite. Broadcast journalist David Ellis will be the moderator.

Governor of the Central Bank DeLisle Worrell
Governor of the Central Bank DeLisle Worrell

They will discuss how policymakers are approaching fiscal consolidation and pursuing economic growth through the four main foreign exchange earners – tourism, international business and financial services, agro-processing and alternative energy – which saves the country foreign exchange.

“The country now has in place the right strategy for our circumstances. It is being implemented with fortitude. It has begun to show results. We know from experience that the way to raise our standard of living is by resolute application of appropriate policies with a view to sustainable development in the long run,” Governor Worrell said ahead of the first forum on September 3.

The discussion can be heard by tuning into VOB at 6:30 pm and CBC at 9:30 pm.

The Bank will host at least two discussion fora annually. The next one will take place in early 2015.


Source: (PR)

3 Responses to Governor to speak on economic issues

  1. Ryan Bayne
    Ryan Bayne August 27, 2014 at 11:49 pm

    Here goes another prophecy of doom and gloom before the year is finished.

  2. Mac10 August 28, 2014 at 2:16 pm

    Here’s what he’ll say:

    “It has a slow start to the year but I anticipate a 2-2.5% increase in the economy over the next 2-3 yrs if give keeps going with its fiscal policies. Did I read that right Chris, sorry your handwriting is a little small?”

  3. Tony Webster August 28, 2014 at 2:24 pm

    Interesting news, and indeed has significant potential to inform John Citizen. But it depends on as much on our perspective, as it does on the purpose of the whole show, viz: is this a watery damage-control effort by CBB to redress its recent press imbroglio? Or is it a genuine attempt to have the Public-cum-taxpayers-cum FDI folks-cum those who might just lend us some F/X, a clear view of where we are…and where we are going….and by whom…and by when?

    If you are brave enough to attempt forecasting which might “hold water”, try figuring out why no key ministers of the Crown shall be present. Correction: no ministers of the Crown, period.


Leave a Reply

Your email address will not be published. Required fields are marked *