BRIDGETOWN, Barbados, CMC – Senior officials of the Barbados-based Caribbean Development Bank (CDB) Tuesday refused to entertain questions regarding their president, Dr . Hyginus “Gene” Leon, who has been sent on administrative leave since January.
At the bank’s annual news conference, the acting president, Isaac Solomon, said, “I can confirm there is an internal administrative process involving the president.
“The bank is extremely focused on preserving the independence, confidentiality, and integrity of the process, and as you can well appreciate, us to maintain the integrity and confidentiality of the process, we are unable to provide any other details at this time,” Solomon said.
However, when asked by the Caribbean Media Corporation (CMC) to state the nature of the “internal administrative process involving the president,” given the implications for the regional financial institution, how soon he expected the investigation to be concluded. Regarding the president’s possible role in implementing projects outlined by the CDB speakers at the news conference, Camille Taylor, the head of communications at the bank, blocked the question.
“I think we made it clear earlier that at this point, there won’t be any elaboration on the matter,” Taylor said.
Last month, the Organisation of Eastern Caribbean States (OECS) leaders expressed their “utter disappointment and shock” at the treatment being meted out to the embattled CDB president, who was reportedly sent on administrative leave until April.
The leaders of the sub-regional grouping met virtually to discuss the situation, and an informed source later told CMC, “They (OECS leaders) had a meeting last night on that issue…and they expressed concern about it.
“They expressed concern at the treatment of the president. … they expressed grave concern as to the reputation of the bank and the treatment of the highest-ranking official.
“They expressed their utter disappointment and shock at the president’s treatment without even the knowledge of the governors,” the sources told CMC then, confirming that Leon’s computer and tablet had been seized.
Leon is the sixth president of the regional development finance institution. He was elected at a special CDB Board of Governors meeting held on January 19, 2021, for a five-year term and assumed office on May 4, 2021.
CMC has been reliably informed that the Board of Governors met last Monday and that ‘some members expressed concern no acting appointments were made,
“WE did not appoint him, not sure who did,” said a source familiar with the meeting regarding Solomon’s acting appointment.
Leon, the highly regarded St. Lucian-born economist, heads a team of more than 200 employees headquartered in Bridgetown and came to the assignment with 35 years of experience in economics, financial policy development, and executive management, more than 20 of which were spent working with the Washington-based International Monetary Fund (IMF). He had succeeded the Jamaican-born Dr. Warren Smith, who retired in 2021 after serving as president for ten years.
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