Worrell’s possible successors

Three Barbadian economists have been identified as possible replacements for sacked Governor of the Central Bank of Barbados, Dr DeLisle Worrell.

This follows last Friday’s announcement by the Ministry of Finance and Economic Affairs of Worrell’s removal, which came after a bitter court battle between him and Minister of Finance Chris Sinckler over the Government’s plans to dismiss him.

Kelvin Dalrymple, Andrew Downes and Kevin Greenidge

However, after the Court of Appeal turned down his legal challenge, Worrell was forced to walk. So far, Government has appointed his deputy, Cleviston Haynes, to act in the top Central Bank post.

However, retired University of the West Indies Professor of Economics Andrew Downes is among three respected economists whose names are being heralded for the position, so too, Kelvin Dalrymple – alternate executive director with the World Bank – and Dr Kevin Greenidge, a senior economist with the International Monetary Fund.

When the three names were put to Sinckler today, he simply said that any of the three would be a good fit for Governor.  However, Sinckler steered clear of confirming that anyone had been chosen to succeed Worrell.

10 Responses to Worrell’s possible successors

  1. Hal Austin February 28, 2017 at 5:12 am

    I humbly suggest that the government should look regionally and internationally for the next governor. In a tiny talent pool we re just rotating mediocrity. With respect, rubbish in, rubbish out.

    Reply
  2. Greengiant February 28, 2017 at 7:58 am

    Yes I agree, and all three barbadians have considerable international economic experience. So is there a problem with them being barbadian?

    Reply
  3. Hal Austin February 28, 2017 at 10:03 am

    Greengiant,

    The international Bretton Woods organisations have to employ people from a wide range of countries as a matter of policy; it is not based on brilliance.
    I am sure they are all bright, but their jobs are not just based on their qualifications or expertise.

    Reply
  4. Bill February 28, 2017 at 12:01 pm

    Hal I am sure in selecting from this wide range of countries they look at the best persons available which now serves to enhance their value as worthy candidates not to mention the experience they would have gained from being in those jobs

    Reply
  5. Hal Austin February 28, 2017 at 12:58 pm

    Bill,

    We need a good financial economist with regulatory experience. Not academics. The Brettons Woods organisations allocate jobs according to regions, not expertise.
    I will suggest we offer a short contract to a good international regulator and wait to make a local appointment.

    Reply
  6. Neil Edwards February 28, 2017 at 3:19 pm

    Who is Hal Austin that is an expert on everything under the Sun, that is my question.

    Reply
  7. Neil Edwards February 28, 2017 at 3:21 pm

    Who is this Hal Austin, that is an expert on everything under the Sun? That is my question.

    Reply
  8. Tony Waterman February 28, 2017 at 7:34 pm

    @Hal Austin!!! I don’t see why you seem to think that there is a Problem with the Three Canidates, because it will make no different if the do what Worrell did, and refuse to Print Sinckler’s Money, there will be another Crisis.

    BTW!!! Dont look for the friction to disappear, if the Chosen one is NOT the Stop gap that is there now.

    The OLD adage will surely be back “They Abandoned the Ship, and now come back to be Captain” and that will spell Disaster for the Poor appointed one.

    I am still hoping the Mr.Worrell Takes them to the CCJ, as i am still Confident that his Firing Orchestrated by Sinckler, was Unconstitutional and Illegal.

    Reply
  9. Mikey February 28, 2017 at 8:53 pm

    Hal Austin is just another @#%^&*#(&&^% who thinks he knows everything about everything, like a few special migrated Bajans who criticize everything and everybody within their eyesight.
    VOTE HAL AUSTIN FOR EDITOR OF THE NATION NEWSPAPER DIRECTOR OF ECONOMIC AFFAIRS AND GOVERNOR OF THE CENTRAL BANK.

    Reply
  10. Hal Austin March 1, 2017 at 3:40 pm

    Mikey,

    Your impatience is showing. You may notice I restrict myself to certain Plse remove the chip from your shoulder.
    subjects. I told you this before. It is a heavy burden.
    Am I wrong? Bretton Woods organisations recruit on a basic level of competence, but diversity is key.

    Reply

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