Basseterre, St. Kitts - An update on the ECCU Eight Point Stabilisation and Growth Programme will be among the agenda items when the Monetary Council of the Eastern Caribbean Central Bank (ECCB) meets for its 68th meeting on 22 October.
The ECCU Eight Point Programme, which the Heads of Governments of the Eastern Caribbean Currency Union signed on 29 December 2009, is the region’s coordinated and strategic response to the global economic and financial crisis. It comprises a set of consistent policies and approaches designed to stabilise, stimulate and restructure the economies of the ECCU member countries.
During the meeting, which will be held via videoconference, the Council will also receive updates from the Ministerial Sub-Committees that were established to address issues in the banking, insurance, international finance and credit union sectors. In addition, the Governor of the ECCB will present the report on monetary and credit conditions in the ECCU.
The ECCB Monetary Council is the highest decision making body of the Central Bank. It comprises the Ministers for Finance from the eight member governments which are: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.
