February 21, 2024

2018 Christmas Message by Timothy N.J. Antoine Governor, Eastern Caribbean Central Bank

“Thanks be to God for his indescribable gift”  (2 Corinthians 9:15, NIV) My dear ECCB family, Greetings to you in this yuletide season – a unique celebration of faith, family, love and hope. As we reflect on the year soon ending, we acknowledge the many challenges facing our Currency Union. These include:  climate change and […]

Former PM takes issue with St Lucia government accountability and ECCB monetary council

By Melanius Alphonse From Caribbean News Now CASTRIES, St Lucia — During the parliamentary session in Saint Lucia on Tuesday, when numerous motions and bills were tabled and passed, including additional borrowing in excess of EC$200 million and to authorise after the fact a US$20 million World Bank line of credit, former prime minister and […]

PM Mitchell assumes Chairmanship of ECCB Monetary Council

From The New Today Prime Minister Dr. Keith Mitchell is back for another one-year stint as Chairman of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) which is rotated annually among the respective Ministers of Finance in the member states. Dr. Mitchell is taking over from the outgoing Chairman, Prime Minister Roosevelt Skerrit […]

Gonsalves steps down from ECCB’s Monetary Council

From Jamaica Observer CASTRIES, St Lucia (CMC) — Prime Minister Dr Ralph Gonsalves of St Vincent and the Grenadines has been hailed for his contribution to the Monetary Council of the Eastern Caribbean Central Bank (ECCB). Gonsalves, one of the longest serving members of the Monetary Council has stepped down, paving the way for his […]

Eastern Caribbean Central Bank to publish annual report on the Financial Stability of the ECCU

BASSETERRE, ST. KITTS, JULY 26TH, 2017 (PRESS SEC) – The Eastern Caribbean Central Bank (ECCB) will start publishing a Financial Stability Report annually. This move will improve the public’s understanding of the eight-member Eastern Caribbean Currency Union’s financial system and encourage informed debate, as such reports, which are predominantly issued by central banks around the […]

Possible 2017 payout for ECCU British American policyholders

By LK Hewlett BASSETERRE, St Kitts (WINN) — Regional policyholders of the British American Insurance Company Limited (BAICO) may be one step closer to receiving a payout, eight years after the company collapsed. Close to 4,000 individuals and businesses in St. Kitts and Nevis were among the many policyholders in the Eastern Caribbean who suffered […]

Credit reporting system for the Eastern Caribbean Currency Union expected to boost lending

Credit reporting system for the Eastern Caribbean Currency Union expected to boost lending, which has been falling in ECCU countries BASSETERRE, ST. KITTS, MARCH 3rd, 2017 (PRESS SEC) — Access to credit is one of the pillars of private sector growth. So in an effort to improve citizens’ access to loans from financial institutions, the […]

CEO guards against increasing bank fees

By Dave George From Antigua Observer Much debate has been raged in recent times concerning increasing bank fees, but the chief executive officer of CIBC First Caribbean International Bank is cautious about his financial institution doing the same. On Thursday, Gary Brown told OBSERVER media that while his bank is in the business of making […]

Former St Kitts-Nevis minister criticizes Eastern Caribbean Monetary Council

By Ken Richards From Caribbean News Now BASSETERRE, St Kitts (WINN) — The Eastern Caribbean Monetary Council is being criticized for allegedly dragging its feet on appointing a new governor of the Eastern Caribbean Central Bank (ECCB). Former St Kitts and Nevis government minister Dwyer Astaphan said on Tuesday that the finance ministers, some of […]