Central Bank’s news conference resumes next week

THE news conference at the Central Bank of Barbados to review the economy will resume next week.

In a notice to the media yesterday, the Central Bank said that both the release of the statement on the performance of the economy for the first quarter of this year and the news
conference will take place on May 9.

The news conference had been stopped by former Governor, Dr. Delisle Worrell.

It will be the first to be hosted by Acting Governor Cleviston Haynes, who has replaced Dr. Worrell.

The review will indicate how the Barbados economy did in the three months between January and March this year, and outline projections for the remainder of 2017.

It will also indicate the status of some of the pressing issues facing the economy, and in particular the foreign exchange reserves.

Just recently, Richard Sealy, the Minister of Tourism and International Transport, said the country can look forward to hearing good news about the economy and that the reserves have started to rebound.

As such, the media will get to quiz Haynes on these matters and what are the options from his perspective for Barbados to deal with the broader picture in the economy.

For 2016 growth was registered at 1.6 per cent, having grown by over one per cent in the same three months in the corresponding period.