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BARBADOS | Court grants further extension to Central Bank Governor

Featured Governor of the Central Bank of Barbados Dr. Delisle Worrel Governor of the Central Bank of Barbados Dr. Delisle Worrel
BRIDGETOWN, Barbados, Feb 17, CMC – A High Court judge had granted the embattled Central bank Governor of Barbados, Dr.  DeLisle Worrell six more days in office as he granted him a new stay preventing Finance Minister Chris Sinckler from removing him from office.

Justice Randall Worrell had earlier discharged his initial five-day ex-parte injunction but issued a new stay to the Governor, pending the outcome of his formal appeal against his planned dismissal by Sinckler.

Attorney General Adriel Brathwaite, whose office is representing the Minister of Finance, made a surprise appearance in court.

However, there was no sign of either Worrell or Sinckler, but the Governor was represented by his legal team, including lead attorney Gregory Nicholls, Renee Butcher and Janice Browne.

Worrell had gone to the High Court in an unprecedented move on Sunday to obtain the injunction against Sinckler amid media reports that pressure was mounting on the embattled Worrell, who was appointed for a second five-year term in October 2014 after he was initially appointed on November 1, 2009, to either step down or be fired.

Sinckler is reported to have met on at least two occasions with the Governor, who has apparently been resisting all moves to force him out of office.

Worrell has apparently run afoul of both Sinckler and his fellow members on the Central Bank board who verbally communicated their dissatisfaction in a formal meeting with Sinckler

During a LIVE television discussion on state-run CBC at the start of the month, the Governor had sought to publicly warn Government that it must stop the recent practice of printing money.

“We cannot continue to have a deficit and we cannot continue to have a wage bill as high as we are, simply because the only way we are able to do that is by the Central Bank providing financing,” he said then.

Last modified onFriday, 17 February 2017 21:03
  • Countries: Barbados

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