Saturday 5 December, 2020

Do the right thing, Opposition Leader tells PM, Central Bank Governor

FILE - Opposition Leader, Mia Mottley.

FILE - Opposition Leader, Mia Mottley.

Opposition Leader, Mia Mottley, has called on the acting Governor of the Central Bank of Barbados, Cleviston Haynes, to “use his professional judgment and expertise or step aside” and has also urged Prime Minister Freundel Stuart to call elections.

She made the appeal in her response to the Central Bank’s third quarter review of the Barbados economy, released on Tuesday.

Noting the report’s statement that foreign reserves have declined by $354 million since September, 2016, Mottley charged that Haynes, who was appointed to the post on February 24, 2017, has made no difference to the slide in critical indices.

“The Governor has obligations imposed on him under the Central Bank Act which compel him to act in the best interest of our country. At this critical juncture, he owes his loyalty to Barbados and not to the Minister of Finance.”

Mottley also called on persons in the private sector and on Prime Minister Freundel Stuart to “call a spade a spade” and acknowledge that Finance Minister, Chris Sinckler, has not been successful in managing the Barbados economy.

“I am calling on the Prime Minister of Barbados, Freundel Stuart to put aside false pride and acknowledge that the vehicle is spiraling way out of control. The Prime Minister needs to do what is right by Barbados. Call the Elections.”

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