Sinckler expresses confidence in Central Bank Governor
Thu, 05/19/2016 - 12:00am
There has been no report from Governor of the Central Bank, Dr. DeLisle Worrell, or anybody else in Barbados for that matter, that the monetary system in Barbados is under any threat of collapse because of any money being printed, sent or lent to the Government by the Central Bank of Barbados.
Minister of Finance and Economic Affairs, Christopher Sinckler, made this clear as he responded to concerns raised by Opposition Leader, Mia Mottley, in the House of Assembly on Tuesday, during debate on the Savings Bonds (Validation) Bill, 2016, about the monetary stability of the country.
Sinckler, the Member of Parliament for St. Michael North West, made it clear that he did not take kindly to the “implicit suggestions” made by the Opposition Leader in relation to the Governor and to him as well, in relation to the execution of their duties and the illegality of persons who are acting in Government.
“If the monetary system of Barbados was under this impending threat of collapse, I don’t know what collapse, but if it were under this impending (threat) ... then the law says what the Central Bank governor ought to do. It also says what the Minister ought to do and I can say (that) to Barbadians today, because I have made a resolve, I am not going to let these comments just go unanswered,” Sinckler declared.
“The Governor of the Central Bank has not written to me. I meet with the Governor of the Central Bank as part of a team of persons that I invite to a meeting at least once a month, but if necessary, more often than once a month and we sit down and go through all aspects of the Barbados economy. I trust in the judgement, the integrity and the knowledge of the current Governor of the Central Bank,” the Finance Minister told the House.
He added, “The Honourable Member for St. Michael North East does not have to do so. That is your choice. You all have never supported the Governor of the Central Bank, you will never support him. He doesn’t expect your support or want it and he is right not to expect or want it either. But so far as he is the appointed Governor of the Central Bank, he enjoys the confidence of this Government and he enjoys my confidence.” (RSM)