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Barbados Central Bank Governor gets injunction to block dismissal

Published:Monday | February 13, 2017 | 2:02 PMCMC
Delisle Worrell, Governor of the Barbados Central Bank

Lawyers representing embattled Barbados Central Bank Governor Dr. Delisle Worrell say the High Court will on Wednesday hear arguments restraining the Barbados government on moving to dismiss their client.

The lawyers on Sunday obtained an ex-parte injunction from the High Court against Finance Minister Chris Sinckler amid mounting speculation that pressure was mounting on Worrell to either step down or be fired.

“We sought … an injunction to restrain the exercise of that discretion that the Minister believes he … has and he will have to return to court on Wednesday … if he wants to show cause as to why the injunction should be varied or discharged,” attorney Gregory Nicholls said.

Barbados Today online publication reported Monday that Sinckler has since met with the Governor.

During a television discussion on state-run CBC at the start of the month, the Governor had sought to publicly warn government that it must stop the recent practice of printing money.

“We cannot continue to have a deficit and we cannot continue to have a wage bill as high as we are, simply because the only way we are able to do that is by the Central Bank providing financing,” he said then.

Barbados Today said Worrell was also at pains to point out that approximately BDS$50 million in monthly wages was far too much for government to afford at this time, given what he knows about what it is raking in terms of taxes and revenues to meet its current costs.

- CMC