For the second time in as many days, the Freundel Stuart administration has made a key Governmental appointment.
One day after the Prime Minister revealed that Justice Sandra Mason is to be elevated to the position of Governor General on January 8, Minister of Finance Chris Sinckler today announced that Acting Governor of the Central Bank of Barbados Cleviston Haynes will formally be confirmed in the role on January 1.
So far there has been no reaction by the Opposition Barbados Labour Party (BLP) to Haynes’ appointment.
However, yesterday Opposition Leader Mia Mottley described Mason’s upcoming appointment as “a crowning achievement in a long and varied career” in the public service, after serving notice late last month that she would not be bound by any “inopportune or improper” decision made in the “dying days” of the Freundel Stuart administration should the BLP win the next general election.
Some of those decisions, Mottley said, revolved around appointments of a new Governor General, Central Bank Governor and Director of Public Prosecutions, as well as the services commission.
In Haynes’ case, the announcement of his elevation came a little over a month ahead of his one-year anniversary as Acting Governor.
In a brief comment this evening, the Governor-designate said he was humbled by the development and ready for the job at hand.
“I am honoured by the confidence reposed in me by the Government of Barbados. I undertake this assignment at a challenging time, but I am confident that, together with my team and the assistance and cooperation of all stakeholders, the Bank can provide the leadership needed at this time,” Haynes said.
The economist who has more than three decades experience in central banking, with emphasis on macroeconomic policy and bank regulation replaces former Governor Dr DeLisle Worrell who was fired by Sinckler on February 24.
Haynes started his career at the Bank as a research trainee in 1980, and held various positions, including advisor to former Governors Calvin Springer, Winston Cox, and Dr Marion Williams.
He also served as Deputy Governor from February 2009 until early this year.
His tenure at the Central Bank was briefly interrupted from 1987 to 1989, when he served as technical assistant to the Canadian Executive Director at the International Monetary Fund (IMF).
Haynes attended the University of the West Indies, Cave Hill Campus, where he received a Bachelor of Science in Economics.
He later went on to the University of Western Ontario and earned a Master of Arts in Economics. He has also authored and co-authored a number of publications, principally on economic policy, debt and financial sector issues.
During his first month on the job, the new Governor will present the Bank’s review of Barbados’ economic performance for 2017 and prospects for 2018 on January 31.