Smith: Rift between Sinckler and Worrell not good

President of the Barbados-based Caribbean Development Bank (CDB) Dr Warren Smith says he is saddened by the strained relations between Governor of the Central Bank Dr DeLisle Worrell and the Minister of Finance Chris Sinckler.

And Smith warned that the matter, which is now before the court, was not good for the country, especially at this time when improving the fiscal position should be the top priority.

Dr Warren Smith

“I don’t think we would be honest if we didn’t say that we are very saddened to see what is taking place at this time in Barbados,” said Smith.

“I don’t want to get personal, but Dr Worrell is a gentleman, a professional, who all of us who have studied the field of economics admire and respect very greatly. I think that we are sad to see what has taken place, what seems to be an emerging rift between the Central Bank and the Ministry of Finance. It is not good for any country to have that contretemps developed between two keen institutions especially at a time when Barbados is struggling to address some very, very difficult economic problems that it faces at this time,” explained Smith.

News emerged recently that Sinckler reportedly met with the Central Bank Governor last Thursday and gave him the option of either tendering his resignation by Monday of this week, or be fired.

However, Worrell, through his attorneys, filed an injunction in the High Court, barring Sinckler from firing him.

7 Responses to Smith: Rift between Sinckler and Worrell not good

  1. Hal Austin February 18, 2017 at 12:42 pm

    Shut up, Warren Smith. The CDB has been bailing out the government. You are pat of the problem.

    Reply
  2. Jennifer February 18, 2017 at 1:17 pm

    THEY always are.

    Reply
  3. Kim Marshall February 18, 2017 at 3:48 pm

    So as we wait for this rift to be resolved in the law courts, which we know can take a long time in Barbados, what are we doing about the reserves that have fallen by a further 200 million dollars in about 3 weeks time?

    Who is going to be mature enough to stop giving the impression that all is well, admit that the serious reports about our economy coming from in and outside of Barbados are true and start doing what is necessary at this critical time?

    At this time in our country’s history, we (all Barbadians) must accept that we are in a bad place. Accept that at this time it does not help us to waste time blaming who and how we got here. Accept that our way of life in Barbados is in trouble and we all will have to face further hardships and sacrifice even more if we want to preserve even some of what we have known for so many years and we use to define us as Barbadians.

    I call on the leader of the country to gather all those people in the social partnership, community leaders and persons who have offered to assist with their expertise to come to a consensus of what must be done right now soon as possible so we can start doing these things as a nation to try to protect as many aspects of our way of life in Barbados as we can. We do not have a lot of time; so please let us stop wasting what precious time remains and start doing what must be done.

    Reply
  4. Milli Watt February 18, 2017 at 4:49 pm

    This is what happens in sardine republics located in the Caribbean. These central bank governors should come outside the region, the act governing the banks operation ought to reflect some level of autonomy/independence from this mediocre, mendicant and lawless political class that passes itself off as leaders. Government is responsible for fiscal policy and the bank monetary policy maintaining strict monetary expansion targets based on GDP growth. I would have dealt with that minister square but I only does sell fish.

    Reply
  5. Hal Austin February 18, 2017 at 5:18 pm

    Kim,

    Tell that to the trade unionists calling for pay rises.

    Reply
  6. Waiting February 18, 2017 at 11:42 pm

    The PM will never hear from anyone because he has already said that the people has chosen them to run the country so that is it. I take it to mean that they and they alone have what it takes and all the brain.

    Reply
  7. Andy February 20, 2017 at 8:31 am

    Egotistics being played out in a snail paced legal society.

    Why not make the EC or US dollar our official currency and move on.

    No issue with printing money and any egotistical issues…

    Give then each a sword, and have then go into queens park and settle.

    Sparticus.?

    Reply

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