Erstwhile Barbadian Leader maintains dictatorial stance with Central Bank – Owen Arthur disapproves of DeLisle Worrell’s policies at Barbados’ leading financial institute

The Central Bank Governor speaking at Hilton Barbados late last year

The Central Bank Governor speaking at Hilton Barbados late last year

Dr DeLisle Worrell, to my recollection, is the first Central Bank Governor to embrace the Internet for Barbados and this was only last year. He made a quarterly presentation as an online video and made sure consistent and regular releases were made available for the Bajan public via the the Central Bank’s website.

He also has his own views on what Barbados needs to do with itself to recover from the current economic tailspin and proposed what is known as Counter-Cyclical policies at a business luncheon late last year.

Owen Arthur on the other hand is well known for his contumacious rapport with those in charge of the Tom Adams Financial Centre – who can forget when he took an unprecedented stance with the Central Bank when he fired its then Governor Dr Winston Cox?

His urge to be in total control reared its ugly head once more at a recent luncheon I attended which is under the auspices of BIBA – the Barbados International Business Association, where he sees part of Barbados’ current fiscal crises in allowing the Central Bank Governor too much autonomy {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

The former Prime Minister thinks the Central Bank right now is interfering in Barbados’ financial infrastructure when it should be controlled by Government itself, whether PM or Finance Minister in his view

"Wait, so let me get this straight? I should have remembered my predecessor who allowed you all to thrive in the first place? But I thought you invited ME?"

{APOCRYPHAL} "Wait, so let me get this straight? I should have remembered my predecessor who allowed you all to thrive in the first place? But I thought you invited ME?"

Mr Arthur referred to how Barbados benefits from the achievements of both Grantley Adams (Universal Suffrage no longer is land ownership a prerequisite for selecting democracy) and Errol Barrow (Free Education a given right for Barbadian schoolchildren since Independence) in his address to BIBA members, yet at no point did he acknowledge the contribution made by JMGM ‘Tom‘ Adams in facilitating the Barbados Offshore Sector which Owen capitalised on in his term of 1994/2008, far less in acknowledging ‘Tom‘ in his seeking to make Owen a part of his Parliamentary team shortly before his untimely death in 1985.

This is particularly sad when one considers that ‘Tom‘s’ birthday was Friday 24th just passed and not a single breath of tribute for the man who helped Arthur rise so quickly – it truly appears Arthur is following Machiavelli’s advice to seem generous one must give that which was not theirs in the first place.

While Suffrage and Free Education are significant in and of themselves, nevertheless, let’s say an old woman who was living in rural St Thomas for generations on the same 5,000 square feet of land yet cannot read nor write yet is able to purchase that tract of land for $500 thanks to the Freehold Tenantries’ Act instituted by ‘Tom‘ Adams – none of these critical innovations are Owen’s yet he rides on their coattails without so much as a by-your-leave when the former leader’s birthday approached so closely on the BIBA lecture.

Leadership is not having everyone reach an accord in spite of disagreement, or so it appears with the MP of St Peter, it’s more along the lines of a parent who orders a child to perform a certain task and expecting to be obeyed and not having to explain the consequences of such an action. For many it would seem Owen’s method of guiding his colleagues in Cabinet is more appropriate in driving livestock from one area to the next, all that’s missing is a shepherd’s crook and a dog-whistle or perhaps a cattle-prod {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

Arthur sees nothing wrong in “breaking heads” as he refers to controlling Cabinet, since it must be the Head of State who decides when and how much capital inflow are directed to a country – such a limited purview can allow for corruption without proper checks and balances

Arthur’s address also looked at the matter of why the Barbadian work ethic withered (perhaps he needs to ask Milton Gibbs that when most of the ’99 Board of CBC Directors recommended to sack Melba Smithask the Reverend Charles Morris – and Arthur refused to accede to the request despite subsequent industrial action which was unnecessary, if he had listened, then a lot of hardship could have been prevented); the ex-PM also questioned the drastic reduction of long-term capital inflows…

Even members of what seems to be China's diplomatic community attended the BIBA luncheon, yet Barbados and the world are too well aware of Chinese diplomacy, a la Tienanmen Square 1989

Even members of what seems to be China's diplomatic community attended the BIBA luncheon, yet Barbados and the world are too well aware of Chinese diplomacy, a la Tienanmen Square 1989

Dropping from $1.55 billion in 2007 to a mere $90 million in 2009, I posed a question as to if Integrity, Transparency and Accountability Legislation had been implemented would this have circumvented such a massive shortfall which appears financially inappropriate and Mr Arthur immediately dismissed this suggestion.

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