The Central Bank of Barbados today named Michelle Doyle-Lowe as acting Deputy Governor, effective June 2, 2017.
“I feel both honoured and humbled to have been asked to serve in this capacity. I intend to employ my experience, knowledge and energy attained from my two decades of working in critical areas at the Bank to move us forward on various initiatives,” Doyle-Lowe said in a statement released by the bank.
Doyle-Lowe, a career central banker, joined the Bank as an economist in 1997 and has held the posts of Deputy Director, Banking, Currency and Investments, Adviser to the Governor, and most recently Director of Research and Economic Analysis Department.
A Chartered Financial Analyst (CFA) since 2005, Doyle-Lowe also possesses a B.Sc. (Hons) Economics from the University of the West Indies and an M.Phil. in International Finance from the University of Glasgow, Scotland, United Kingdom.
Doyle-Lowe, a longstanding member of the Barbados Economic Society, replaces Elson Gaskin who has returned to his substantive post of Bank Secretary.
The changes come in the wake of the sacking back in February of then Central Bank Governor Dr DeLisle Worrell at the height of his disagreement with Government on the way forward economically, amid dwindling foreign reserves which had fallen well below the required 12 weeks of import cover to under $700 million.
Worrell has since been replaced by Acting Governor Cleviston Haynes, amid a worrying national debt, which is said to be in excess of 160 per cent of Gross Domestic Product.