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Dr. Terrence W. Farrell Resigns as Chairman of the Economic Development Advisory Board.

Dr. Terrence W. Farrell Resigns as Chairman of the Economic Development Advisory Board.

Dr. Terrence W. Farrell

Prime Minister Dr. Keith Rowley on Monday accepted the resignation of Dr. Terrence W. Farrell as Chairman of the Economic Development Advisory Board. He has apparently resigned, with immediate effect.

In a media release Dr. Rowley thanked Dr. Farrell for the many reports and letters concerning the work of the Board, which were considered in making the critical decisions that were vital for the country’s long term economic survival.

The Office of the Prime Minister said this afternoon Dr. Farrell previously held positions in the Central Bank of Trinidad and Tobago in 1980 and was Director of Research (1984-1989) and later Deputy Governor (1992-1995) where he was involved in policy initiatives.

These included the debt restructuring and International Monetary Fund programmes during the 1987-1991 period, exchange control liberalization and the flotation of the Trinidad and Tobago dollar in 1993 and the central bank’s intervention of troubled financial institutions in the period 1986-1993.

He later worked in the private sector in various senior capacities, the statement said.

It provided no details about the resignation itself.

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