The Central Bank of Barbados was established in May 1972 by the Government of Barbados to advance the pace of economic development in the country. Today the Bank has become the premier financial institution in the country and its main policy is to formulate, in association with Government, monetary and fiscal policies to assist with the country's economic development programme.

Before assuming the role of Governor, Dr. Greenidge was a Senior Economist at the International Monetary Fund (IMF), a position he held from 2011. However, between 2018 and 2022, he took a leave of absence to act as Senior Economic Advisor to the Government of Barbados, where he was instrumental in the design and implementation of the Barbados Economic Recovery and Transformation (BERT) programme.

A Board of Directors comprising the Governor, the Director of Finance and Planning and no more than five other Directors, is responsible for the policy and general administration of the Bank.

Statements of the assets and liabilities of the Central Bank of Barbados issued each month.

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