ALL AH WE IS ONE: Statesmen wanted
THE CURRENT IMPASSE between the Governor of the Central Bank of Barbados, Dr DeLisle Worrell, who got a court injunction against his dismissal, and Minister of Finance Christopher Sinckler, who is seeking to fire the governor, could not have come at a more difficult moment for Barbados.
Not only is the country facing an urgent challenge with the rapid, sharp and unsustainable decline in its foreign reserves, but these developments are taking place at the beginning of an election year. It is this political timeline that has added complexity to the economic crisis. No prime minister likes to know that the election date is taken out of his hands and determined by forces beyond his control. An election year is not the time when a government wants to receive public advice from an independent monetary authority on the dangers of “printing money”. Read more
Source: Nation News