General Press Release The Central Bank Pays Tribute to Economist, Roland Clairmonte Craigwell

01/03/2014

The Central Bank of Barbados mourns the loss of a stalwart in the economics profession, Professor Roland Clairmonte Craigwell.

Roland, a former employee, succumbed to a prolonged illness on Thursday, January 2, 2014.

Roland's central banking career spanned two decades. He commenced his service to the Bank as a Research Assistant in 1986, and rose through the ranks to become the Deputy Director, Operations and Policy Analysis, in the Research and Economics Department (READ)

Roland also had a special love for teaching and in 2008 he resigned from the Bank to take up the post of Professor of Economics in the Economics Department at the University of the West Indies, Cave Hill Campus.  His association with the Bank continued through his involvement as research supervisor for graduate students in the Summer Internship Programme and Research Associate with READ. 

Roland was a prolific researcher in applied econometrics, amassing over 100 referred journal articles in regional and international journals, primarily on monetary and financial issues. 

At varying times in his career, he held  consulting positions with the Caribbean Development Bank, UNU-WIDER, the World Bank, ECLAC and the Caribbean Centre for Money and Finance.

And participants in the Bank's Annual Review Seminar would recall his faithful participation and thoughtful presentations, many of which he collaborated on with the young brigade at the Bank and across the region.

Governor Dr. Delisle Worrell, with whom Roland co-authored and co- published a series of economic articles, commented that his death is a huge loss to the industry, the Bank and the University.

Acting Director of Research and Economic Analysis Department, Michelle Doyle-Lowe, herself a student of Roland's tutelage , said he  mentored and moulded so many fellow economists,  and with his brilliance, he did more in his lifetime than many other people.

She explained that Roland's passing is especially difficult for his colleagues,  many of whom he taught  at UWI or   worked with  at the Bank.

Other central bankers commented on his commitment to the Bank.

They cited his contributions to the Bank's economic publications even after leaving the institution  and his unstinting and unmatched service to the work of the  Editorial Committee.

Yet others pointed to his thankfulness and gratitude. He was more than a colleague; he was a mentor and friend.

"He was an individual who never complained about his medical battles  but rather displayed a joie de vivre always," they stated.

Roland leaves to mourn his wife Peggy and two daughters, Jhane & Mone, as well  the economics profession in Barbados and the region, which is undoubtedly  impoverished  for his  passing.

May he rest in peace.

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