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BARBADOS | Finance Minister to discuss B'dos economy

Finance and Economic Affairs Minister Christ Sinckler Finance and Economic Affairs Minister Christ Sinckler
BRIDGETOWN, Barbados, Feb 25, CMC – Finance and Economic Affairs Minister Chris Sinckler will host a news conference on matters pertaining to the economy as the government confirmed that the Governor of the Central Bank of Barbados, Dr. DeLisle Worrell “has been relieved of his duties”.

In a statement, the Ministry of Finance and Economic Affairs said that Worrell, who had gone to the High Court in a bid to prevent his dismissal, had been fired “consequent upon the determination of his instrument of appointment” by Sinckler.

“The Ministry also advised that the Board of Directors, at a specially convened meeting in accordance with the by-laws of the Central Bank, and held Friday, February 24, agreed that Deputy Governor Cleviston Haynes, be appointed to act as Governor of the Central Bank of Barbados consequent upon the cessation of the tenure of Dr. Worrell.”

The statement said that the board also agreed that the current Financial Controller of the Central Bank, Michael Carrington, be appointed to the post of Acting Deputy Governor of the Central Bank of Barbados.

Meanwhile, the Ministry said that matters pertaining to the economy will be discussed on February 27, when Sinckler, hosts a news conference.

Worrell was dismissed less than 24 hours after the Appeal Court lifted the ex-parte injunction he received last week.

Worrell was appointed for a second five-year term in October 2014 after he was initially appointed on November 1, 2009.

His attorney Gregory Nicholls, said that the matter is far from over since Worrell intends to challenge the minister’s right to dismiss him at the Trinidad-based Caribbean Court of Justice (CCJ) the island’s highest court.

  • Countries: Barbados

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