Central Bank Governor optimistic about turn around in local economy
BRIDGETOWN, Barbados, CMC – Governor of the Central Bank of Barbados (CBB), Dr. DeLisle Worrell says he is confident of an economic turnaround acknowledging that policy makers have ever since the onset of the global recession in 2008, have kept a stable economic platform from which to launch the push for renewed economic growth.
He said foreign exchange reserves have been kept well over one billion dollars (One Barbados dollar = US$0.50 cents) over the past five years, by always holding the lid on spending, in light of expected foreign currency inflows.
“That is what motivated the August budget. It maintains the stable platform. Growth will come as a result of the structure that the private sector builds on that foundation,” Worrell told the Endeavour Cooperative Credit Union’s Awards ceremony.
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