CDB President Dr. Warren Smith (left) pledging the bank’s commitment to Barbados while Minister of Finance and Economic Affairs, Christopher Sinckler, listens in. (A. Miller/BGIS)
Ways to improve the existing relations with the Caribbean Development Bank (CDB) were among the areas discussed when its President, Dr. Warren Smith, paid a courtesy call yesterday on Minister of Finance and Economic Affairs, Christopher Sinckler.
During the meeting at Government Headquarters, the Finance Minister underscored the importance of the long-standing partnership with the Bank and gave the assurance that "nothing will be done to place the bank in an invidious position".
Mr. Sinckler also updated the CDB President on government’s initiatives to ride out the current economic recession and to restore economic growth.
In turn, Dr. Smith reinforced the need to maintain a close working relationship with government to enhance the Bank’s business portfolio. He also praised the island for being one of its members that maintained a strong investment grade.
"…You [Barbados] are one of the investment grade borrowing members and it helps to bolster the quality of our portfolio which is important to us," he noted.
Dr. Smith was appointed to the post of President of the CDB on May 1, 2011. Prior to this, he held top positions in a number of regional institutions including that of Chief Executive Officer of LIAT.