Chairmanship of the Eastern Caribbean Central Bank (ECCB) Monetary Council moves to Antigua & Barbuda
Chairmanship of the Eastern Caribbean Central Bank (ECCB) Monetary Council will be transferred to Honourable Gaston Browne, Council Member for Antigua & Barbuda during an official handing over ceremony on 22nd July, at the Sandals Grande Antigua Resort & Spa.
Prime Minister Gaston Browne will succeed outgoing Chairman, Honourable Victor Banks, Council Member for Anguilla.
The Monetary Council is the highest decision making authority of the ECCB. It is comprised of the eight Ministers for Finance of the ECCB member governments. Chairmanship of the Council is rotated alphabetically each year among the eight ECCB member countries: Anguilla, Antigua & Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, St Kitts & Nevis, Saint Lucia and St Vincent & the Grenadines.
The Council will convene its 85th Meeting after the ceremony, where the ECCB Governor will present a report on Money and Credit Conditions in the Eastern Caribbean Currency Union (ECCU). The Council will also deliberate on matters relating to financial stability including: de-risking of ECCU Commercial Banks and development financing.
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