Central Banking

New Barbados governor casts critical eye over public sector

Acting governor Cleviston Haynes. Photo: Central Bank of Barbados

The new acting governor of the Central Bank of Barbados has said financial activity carried out in the public sector has created what some see as "excessive bureaucracy and slow delivery of services".

In his first speech as acting governor, Cleviston Haynes emphasised there was "scope for enhancement in productivity" when it came to delivering services.

"The challenge for us therefore is to see how we can improve speed, efficiency and cost-effectiveness in the delivery of public services," he

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