November 20, 2019

OECS financial sector stable and resilient but facing challenges, says Monetary Council

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By Ken Richards From WINN St Kitts and Nevis (WINN): The chairman of the Monetary Council of the Eastern Caribbean Central Bank, Antiguan Prime Minister Gaston Browne, on Thursday (March 2) gave an account of the discussions held at the Council’s 87th meeting at the Central Bank. Quoting from the ECCB governor’s report on Monetary […]

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

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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 […]

IMF concludes consultation with St Vincent and the Grenadines

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From Caribbean News Now WASHINGTON, USA — On July 13, the executive board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with St Vincent and the Grenadines. St Vincent and the Grenadines’ recovery from the global financial crisis was hampered by a series of natural disasters, sluggish global demand and slow […]

ECCB prepares for the possible demise of PetroCaribe

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From Antigua Observer A senior economist at the Eastern Caribbean Central Bank (ECCB) has confirmed that the bank has completed a report that would address any possible fallout for members of the Eastern Caribbean Currency Union (ECCU) in the event that the PetroCaribe Agreement was dismantled. The PetroCaribe programme is an agreement between Venezuela and […]

New ECCB governor outlines his vision to regional and local media

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From Caribbean News Now BASSETERRE, St Kitts (SKNIS) — Media practitioners from across the Eastern Caribbean Currency Union (ECCU) were given an opportunity on Monday to interact with the new governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, as he outlined his new vision for banking within the ECCU during a press conference […]

ECCB expresses concern over OECS commercial bank charges

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From Caribbean360 BASSETERRE, St. Kitts, Thursday November 6, 2014, CMC – The Monetary Council of the Eastern Caribbean Central Bank (ECCB) says action needs to be taken to address commercial bank charges in the Organisation of Eastern Caribbean States (OECS). A communiqué issued at the end of the 80th meeting of the Council held here […]

OECS continues to grapple with low economic growth, high debt

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From Caribbean360 Governor of the Eastern Caribbean Central Bank (ECCB), Sir Dwight Venner said that economic and financial developments in the Eastern Caribbean Currency Union (ECCU) continue to be shaped by the global economic environment which is still uncertain BASSETERRE, St. Kitts, Wednesday January 29, 2014, CMC – Member states of the Organisation of Eastern […]