OECS Heads of Government "Shocked and Disappointed" at the Treatment of CDB President

Tuesday, Jan 23

T

he Organisation of Eastern Caribbean States (OECS) Heads of Government have voiced their “utter disappointment and shock” at the treatment of Caribbean Development Bank (CDB) President Dr. Hyginus ‘Gene’ Leon, who has been placed on administrative leave until April this year.

Dr. Leon has been at the forefront in the global arena championing financing for Small Island Developing States which are suffering adversely from the effects of climate change [with the biggest emitters being developed countries], and the use of global metrics that do not take into account the peculiarities of Caribbean economies.

The regional leaders are expressing concern over the circumstances surrounding Dr. Leon’s situation, especially as he holds the highest-ranking position appointed by the Board of Governors.* Earlier reports revealed that Dr. Leon’s computer and tablet were seized, raising questions about the decision taken by the board of directors without the knowledge of the Board of Governors. The OECS leaders are questioning the process that allows a lower body, the board of directors, to make decisions regarding the highest-ranking member of the bank without informing the Board of Governors.*

Dr. Leon, the sixth president of the CDB, assumed office in May 2021, bringing with him over 35 years of experience in economics and financial policy development. The OECS Heads of Government express their solidarity with Dr. Leon as the situation unfolds, emphasizing the need for transparency and adherence to proper governance procedures within the CDB.

 

*This article first appeared in Times Caribbean and has been adapted.

Last modified on Tuesday, 23 January 2024 08:13