- Advertisement -

Hurricanes Irma and Maria interrupted and reversed the pace of growth of the Eastern Caribbean Currency Union (ECCU).

That’s the word from Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine.

In his 2017 Christmas Message, Antoine disclosed that this year, the ECCB made significant strides of which ‘we can be justifiably proud’.

He said these included a return to profitability and the launch of the bank’s strategic plan.

But Antoine also noted that 2017 has been one of mixed fortunes for the Eastern Caribbean Currency Union.

According to the ECCB official, until September, the ECCU was on pace to record its fastest growth in a decade.

‘This welcomed development was rudely interrupted and reversed by the passage of Hurricanes Irma and Maria, two of the most powerful storms ever recorded,’ he observed.

Antoine noted that five member countries were impacted with three receiving direct hits.

‘In the aftermath of these storms, the ECCU family spirit was on full display as we supported affected members,’ he recalled.

‘As people of faith, we are fortified in the knowledge that God is with us even in times of devastation and despair. He is with us in our bright days and dark days, our good times and bad times, our highs and lows,’ Antoine stated.