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By Kevon Browne
St. Kitts and Nevis (WINN): The 108th Eastern Caribbean Central Bank (ECCB) Monetary Board Meeting will be held at the Aurora Anguilla Resort and Golf Club. ECCB Governor Timothy NJ Antoine will present the Report on Monetary, Credit and Financial Conditions in the Eastern Caribbean Currency Union (ECCU) on July 19, 2024.
The meeting will begin with a change of chairmanship of the Eastern Caribbean Central Bank Monetary Board. The Honourable Camilo Gonsalves, Board member of St. Vincent and the Grenadines, will hand over the chairmanship to the Honourable Ellis Lorenzo Webster, Board member of Anguilla.
Governor Antoine’s report will cover the stability of the Eastern Caribbean Currency (EC), the financial sector within the ECCU, and the state of the regional and international economy.
Key agenda items include the report of the Insurance Technical Core Committee and updates on legislative matters, such as the proposed amendments to the Banking Act 2015 and the legislative framework for the deposit insurance regime. The Council will also review the operations of the Eastern Caribbean Asset Management Corporation (ECAMC) and the Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC).
Following the meeting, the new Council President, the Honorable Dr. Ellis Lorenzo Webster, will deliver a communiqué and answer questions from the media at a press conference.
The Monetary Committee of the Eastern European Central Bank is the highest decision-making body of the Eastern European Central Bank and is composed of eight finance ministers of the Eastern European Central Bank member states.
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