Basseterre, St Kitts 20 July 2016 -- Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to the Honourable Gaston Browne, Council Member for Antigua and Barbuda during the official Handing Over Ceremony on 22 July at the Sandals Grande Antigua Resort and Spa.
Prime Minister Gaston Browne will succeed the Outgoing Chairman, the Honourable Victor Banks, Council Member for Anguilla.
The Monetary Council is the highest decision making authority of the ECCB and comprises 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 and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.
Following the Handing Over Ceremony, the Council will convene its 85th Meeting where the ECCB Governor will present the report on Money and Credit Conditions in the Eastern Caribbean Currency Union. 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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