Nation e-Edition

All’s well

All’s well Central Bank Governor Dr DeLisle Worrell (FP)

By by Dawne Parris | Tue, October 30, 2012 - 12:09 AM

THERE ARE NO HARD FEELINGS between the International Monetary Fund (IMF) and Barbados following Central Bank Governor Dr DeLisle Worrell’s disagreement with the agency’s boss over the merits of devaluation and his allegation that the Fund gives bad advice.

But Worrell, who sought to clear the air yesterday, is sticking to his position that devaluation is not an option for Barbados.

In a statement issued after a SUNDAY SUN publication of an exchange between him and IMF managing director Christine Lagarde at a breakfast meeting in Japan earlier this month, Worrell sought to downplay any suggestion of conflict.

“In correspondence after the breakfast meeting, I reassured Madame Lagarde that, like my colleagues in the region, I am highly appreciative of the initiatives that the International Monetary Fund and the World Bank have undertaken to focus on the concerns of the Caribbean and other small nations,” he said.

Please read the full story in today’s DAILY NATION, or in the eNATION edition.

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Posted by harry callahan 1 year, 11 months ago
let me get my money out of there first please.
as your dollar will be devalued as you have crossed the line
just five me a few months.

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