Changes in the Ministry of Finance

Former employee with the Eastern Caribbean Central Bank (ECCB), Dr. Wayne Sandiford is tipped to take over as Acting Permanent Secretary in the Ministry of Finance from Mike Sylvester who is heading to the World Bank in Washington for a 2-year assignment.

Dr Sandiford – to become the top civil servant in the Ministry of Finance

Well-placed sources told THE NEW TODAY that Dr. Sandiford, a product of the 1979-83 Grenada Revolution, is being seconded to the post by his present employer, St. George’s University (SGU).

This newspaper was not able to ascertain whether SGU or the Keith Mitchell-led New National Party (NNP) government will pay the salaries of the new entrant into the Ministry of Finance.

There are unconfirmed reports that Dr. Sandiford is working for in excess of US$5000.00 a month at SGU and would not be inclined to take up the new position at a lower price.

A source who asked not to be named said that Sylvester’s stint at the World Bank is similar to what was done by former Permanent Secretary Timothy Antoine who now holds the position of ECCB Governor.

The posting at the World Bank is said to be done on a rotational basis among the member states of the sub-regional Organisation of Eastern Caribbean States (OECS).

The source also told this newspaper that a female Grenadian economist at the Barbados-based Caribbean Development Bank (CDB) is also taking up duties shortly as an economic advisor with the Mitchell-led government.

He said the person identified is the sister of Dr. Wendy Grenade, Lecturer in Political Science at the Cave Hill Campus in Barbados of the University of the West Indies.

Almost a year ago, Prime Minister and Minister of Finance, Dr. Mitchell announced that government was looking to fill several key positions in the ministry including a Macro Economic Advisor, Macro Economic Planner and Debt advisor.

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