Ricardo Blackman’s Caribbean Headlines News 02/14

By Ricardo Blackman | CDN Barbados

Dateline Bridgetown, BARBADOS:

Barbados is facing a serious financial crisis that must be resolved within 90 days in order to avoid a financial calamity.  According to former Prime Minister Owen Arthur, there is the distinct possibility of the country running out of foreign reserves. He said the weekend upheaval involving Central Bank Governor Dr. DeLisle Worrell might give the country a chance to correct the disastrous financial policies pursued by the government.  Arthur, a former Minister of Finance, told The Daily Nation in New York yesterday that the bad policy of printing money had played a role in both the current crisis Barbados was facing and the Freundel Stuart administration’s move to oust the Governor.

Meanwhile, noted economist, Professor Avinash Persaud says he would be packing his bags if he were in the position of embattled Central Bank Governor, Dr. DeLisle Worrell.

Public officers have given the Freundel Stuart administration just over two weeks to return to the bargaining table or face their wrath.

Prime Minister Stuart says there is no need for an Environmental Impact Assessment (EIA) for the building of the Hyatt Hotel on Bay Street, St. Michael and he hopes the current debate on the matter “will peter out” and if it doesn’t peter out “that’s a matter for the debaters.”

Dateline Port of Spain, TRINIDAD:

The Opposition has remained firm in its strong reservations about the FACTA bill, even as government insisted that the United States government remains adamant that Trinidad and Tobago must pass this legislation.

The Economic Commission for Latin America and the Caribbean (ECLAC) is promoting integrated development planning as a key element of national strategy towards the achievement of the sustainable development goals (SDGs) in the Caribbean.