The Central Bank of Barbados published remarks by Deputy Governor Michelle Doyle stressing that women are “active economic agents” whose perspectives should be reflected in economic analysis and decision-making, including within monetary authorities. Delivered during a pre-International Women’s Day session titled “Women in Economics: Breaking Barriers,” the remarks positioned women’s contributions in households, entrepreneurship and leadership as central to how economic choices are made. Doyle highlighted continued underrepresentation of women in the field, citing that in the Caribbean there are three men for every woman majoring in economics, only 13 percent of central banks are headed by women, and only three of 96 Nobel Prize in Economics laureates have been women. She argued for greater diversity in boardrooms and at decision-making tables, including in central banking, and emphasised the role of exposure to senior female economists and governors and the need to mentor younger female professionals. The remarks also acknowledged work-life balance challenges and the influence of social expectations around caregiving on professional participation and progression.
Central Bank of Barbados 2025-03-08
Central Bank of Barbados deputy governor calls for stronger female representation in economics and central banking leadership
The Central Bank of Barbados stressed incorporating women's perspectives in economic analysis, noting their roles in households, entrepreneurship, and leadership. Deputy Governor Michelle Doyle highlighted women's underrepresentation in economics, with only 13% of central banks led by women, and advocated for greater diversity in decision-making roles. She also addressed challenges like work-life balance and social expectations affecting women's professional advancement.