The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N.J. Antoine, will present the Report on Monetary and Credit Conditions in the Eastern Caribbean Currency Union (ECCU), when the 111th Meeting of the ECCB Monetary Council convenes at the Boat House, Barbuda Ocean Club in Antigua and Barbuda on Friday, 18 July.

Chairman of the Monetary Council, Council Member for Antigua and Barbuda, the Honourable Gaston A Browne will chair the meeting.

The Governor’s Report will address developments and projections in the global economy; updates and outlook for the ECCU economy; and theatres of transformation for the Big Push. The Governor will also provide updates on the Regional Regulator for the CBI/CIP and key projects the ECCB is undertaking.

After the meeting, the Council Chairman will present the Communiqué at a media conference scheduled for 2:30 p.m.

The Monetary Council is the highest decision-making authority of the ECCB. It comprises the eight Ministers for Finance from the ECCB member countries. Chairmanship of the Council rotates alphabetically each year among the eight ECCB member countries: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.

The Council meets at least twice each year to receive the Governor’s Report and to provide directives and guidelines on matters of monetary and credit policy to the Bank.