ECCB Governor Outlines Key Initiatives For New Term

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The Governor of the Eastern Caribbean Central Bank (ECCB) Timothy N. J. Antoine, marked the start of his second term with a virtual Thanksgiving and Dedication Service on 1 February, with staff and well-wishers.

The ECCB Monetary Council approved Governor Antoine’s reappointment in January, pointing out that he had led the Bank with vision, empathy and a keen eye for innovation, which have helped to lift the people of the region.

As he commenced his stewardship of the Bank for a second five-year term, Governor Antoine said he was humbled and honoured for the opportunity to continue to serve the region, and asked staff to join him in recommitting to the cause.

In his remarks during the service, Governor Antoine outlined some key initiatives for the new term, including the ECCB Strategic Plan 2021-2026 which he said he hoped to launch in June. The key themes of the new strategic plan are:

  1. Digital Transformation
  2. Environmental, Social and Corporate Governance
  3. Financial Stability
  4. Organisational Effectiveness and Development
  5. Payment Systems Improvement and Financial Inclusion
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In addition to the new strategic plan, Governor Antoine said the Bank will also focus on a Programme of Action for Recovery, Resilience and Transformation of the ECCU –  a regional response to the COVID-19 pandemic.

He  said the immediate areas of focus will be:

  • digital transformation, with the public launch of the Bank’s digital currency – DCash;
  • renewable energy and the need to triple the region’s use of renewable energy over the next 10 years; and
  • boosting food and nutritional security.

“These are some of the things you can expect us to push at the Bank from a policy perspective and in terms of projects we will undertake” Governor Antoine said.

Headline photo: Timothy Antoine (File image)

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Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

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