The author traces our contribution to Barbados’ economic diversification, in particular, our leadership in supporting the establishment of, and later defending, our international financial services sector, highlights our support for businesses through the credit guarantee schemes and details the decisions on the creation of our currency.
We had to balance multiple, intertwined goals – always with an eye on potential unintended consequences. There were plenty of open questions. Do the new rules distort risk-taking behaviour? Do they truly resolve threats – or simply shift problems? How can we level the playing field for a diverse global banking sector? And so on.