Both Sides of The Coin: The Story of The Central Bank of Barbados 1972-2017

End Notes 303 53 On March 26, 1986 there was a work stoppage by Imperial Electric Company, the electrical sub-contractor, claiming inadequate compensation for completed work. 54 Just before moving into its new headquarters, the Bank was paying out $120,000 in rent a year for office space in the Barnes Building and Norman Centre. 55 On September 6, 1986, Carl Moore became the first MC at a performance in the Frank Collymore Hall. 56 In the three years immediately after its opening the outdoor area of the facility was vandalised frequently. Lights were broken or uprooted, water jets in the gardens destroyed, the Barbados flag cut down from the pole in front of the building and the lower level of the car park used as a public convenience. 57 See Bank Notes , Vol. 16., No. 1, May 2002, p. 33 58 Dr. Blackman served with Mr. Barrow as minister of finance in two different administrations, and with Mr. Adams and Mr. St. John. 59 Early in the new year Dr. Worrell was seconded to the International Monetary Fund and retired from the Bank’s employ at the end of 2000. 60 This is fully described in the Section on Organisational Change. 61 Some commentators have already identified Dr. Worrell’s most singular achievement as helping to avoid devaluation in 1991-92. 62 The staff of the new department were Director, Hensley Sobers, two Human Resources Administrators (Pamela Arthur and Cheryl Gittens), a Human Resources Officer (Kimberly Cox, later McDonald), with Judy Reynolds providing secretarial and administrative support. 63 When Maureen Hoyte retired in 2012 she had served the Bank for 38 years and eight months. A factor which has worked to the Bank’s advantage has been a relatively low turnover rate, with the overwhelming majority of employees recruited between 1972 and 1975 still on staff at the end of 2013. 64 Four of the retirees subsequently returned to the Bank’s employ. 65 Streaming had previously been restricted to the Research, MIS and Bank Supervision Departments. 66 The facilitator, Pastor Eliseus Joseph, explained that these attributes are found in the best leaders.