IMF clash 'not good'

Tony Best,

Added 05 January 2013

winstoncox

Former Governor of the Central Bank of Barbados, Winston Cox, isn’t happy with Governor Dr DeLisle Worrell’s recent clash with managing director of the International Monetary Fund (IMF), Christine Legarde, in Washington D.C. “I wouldn’t have done it,” said Cox, who headed the bank in the 1990s. He indicated it was not what the Central Bank Governor said when he debated the issue with Legarde, a former minister of finance of France, about the fund’s economic policies in Barbados and the rest of the developing world but the circumstances that led to the heated exchange. Cox said that the “protocol” of such World Bank/IMF meetings required that the ministers of finance speak at such sessions while their advisers defer to them when time came to make official statements.     “I would have allowed the minister (Chris Sincker) to take the floor,” said Cox. “The protocol suggested that would have been the way to go.”

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