Tag Archives: Barbadoa Economy

Central Bank of Barbados still hiding from news media

That's Governor Worrell on the right... er, left!

That’s Governor ‘Weasel Words’ Worrell on the right… er, left!

Over a year ago Dr. DeLisle Worrell, the head thug of the Central Bank of Barbados, took issue with a Nation News story about the central bank.

So did Worrell ask the paper for space to present his thoughts to the citizens? Did he demand an apology, retraction or correction? Did he write an article to be published in the media or on the bank’s website?

Nope… Worrell banned Nation journalists from all bank events. Worrell wants to control what the press says about him and banning them was his stupid, thuggish reaction to an article he disagreed with.

This is so typical of the Bajan elites’ contempt for freedom of the press and the right of citizens to hold government officials and institutions accountable.

Journalist Ian Bourne

Journalist Ian Bourne

Then the central bank issued a press release in an attempt to backpedal, but as our friend Ian Bourne of Bajan Reporter points out, the Central Bank of Barbados hasn’t held a quarterly statement media briefing since then.

Bajan Reporter is sticking to its guns and hasn’t published the bank’s quarterly reports, and won’t until the institution resumes press briefings. In return, the bank has cut off advertising revenues to The Bajan Reporter, but as Bourne says, he will not sacrifice his dignity at the alter of CBB’s coffers.

And as Worrell is showing – once a thug, always a thug.

Check out The Bajan Reporter for the whole story on how the Central Bank of Barbados is failing to be accountable and transparent to citizens and government alike: Bajan Reporter will carry CBB’s media statements as soon as Quarterly Press Conferences resume.

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Filed under Barbados, Barbados Government, Business & Banking, Economy, Ethics, Freedom Of Information, Freedom Of The Press

Talk, talk, talk. Does anybody really do anything with new economic and tourism ideas?

Adrian Loveridge - tourism expert, hotel owner

Adrian Loveridge – tourism expert, hotel owner

The Inter-American Development Bank (IDB) was kind enough to invite me and a large number of representatives from both the private and public sector to a half day discussion forum last week.

To quote their own documentation the objective was to ‘Maximise Bridgetown’s economic and cultural activity’ by leveraging ‘existing institutions (tangible and intangible) and infrastructure (historic buildings and public spaces)’ by garnering ‘support from the local business sector to diversity night-time (after 6 pm) economic and cultural activities’.

Creative suggestions from the attending group flowed like flood water but towards the end of the main session there was one sobering observation by a member of the assembly. He mentioned that he had not heard more than one new idea over the last twenty years.

And that is where the reality kicks in. As a country we do not lack the vision or identifying practical projects. Where we seem to fail dismally is the implementation.

The same person suggested that we needed a fulfillment ‘Czar’ and that comment is probably the one which will stay with me for the longest time out of the entire four hour duration. Whether any administration has the ‘intestinal fortitude’ to make this happen without giving the job to yet another political crony, I seriously doubt, but we can perhaps live in hope.  Continue reading

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Filed under Barbados, Barbados Tourism, Economy

How the DLP and BLP plunged your children into debt

What Owen Arthur, David Thompson and Freudel Stuart did to you and your children is pretty well as simple as the scenario shown in this excellent little satirical short.

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Filed under Barbados, Politics