Wednesday, August 10, 2022

Saint Lucia Pierre To Take Over Chairmanship of ECCB Monetary Council

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Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to the Honourable Philip J Pierre, Council Member for Saint Lucia, during the official Handing Over Ceremony on 22 July at the Golden Grove Ball Room, Harbour Club Hotel, Gros Islet, Saint Lucia.

Prime Minister Pierre will succeed the Outgoing Chairman, the Honourable Joseph Easton Farrell, Council Member for Montserrat.

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, Saint Christopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.

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Following the Handing Over Ceremony, the Council will convene for its 102nd Meeting where it will receive the ECCB Governor’s Report on Money, Credit and Financial Conditions in the Eastern Caribbean Currency Union.

Following the meeting, the new Chairman will host a media conference where he will present the Communiqué, and along with other members of the Council, field questions from the media in Saint Lucia.

The Ceremony will be streamed live on the ECCB Facebook page and YouTube Channel – ECCB Connects.

Source: Eastern Caribbean Central Bank

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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.

21 COMMENTS

  1. I cringe at the level of “journalism” on display from the St. Lucia Times. I think the focus of this article should have been to provide a link to the previous ECCB Governor’s Report on Money, Credit and Financial Conditions in the Eastern Caribbean Currency Union, so we can have a benchmark from which to judge the report which will be published at the 102nd meeting.

    Even more cringe-worthy were the comments below, which exposed the gross immaturity of the St. Lucian citizenry with regards to the fiduciary matters transacted on their behalf. C’mon! When will you finally raise your level of discourse above what one obtains on the Jerry Springer show (note that I have never watched a single episode)? What is so significant in attaining the rotating chair of an organization based on the alphabet position of its member state name?

    Is Pierre thinking of not pegging the EC dollar to the failing US dollar? The biggest economic policy decision the organization has ever made is whether to hold out its tin-cup with the left or right hand!

  2. I am still waiting for my Tax Free Salary because of your campaign promise.
    Most of the youth voted for you on this basis

  3. Oh boy, just like in lucia he doing nada, am sure he will accomplish the same, nothing. Oh and for those who hate this message, I didn’t vote Chas, cause in my book both slp and uwp is just either side of the same ass.

  4. BRUH!! Imagine this right here! 😂😂 Can’t even manage his own country. Do this people even care about the ECCB or because they see Pierre is a proffesional trickster and tax launderer.

  5. Now we will see the “economist” in action 😂…Maybe with all his power he might be able to implement that Livable Wage he said he’d do for us…

  6. Our PM just keeps rising to the occasion…. Elevating our nation across the region.
    Makes one proud to be Lucian,bravo PM.

    • This is not an accomplishment. Literally the first letter of his name just happened to come up now. Essentially he won a lucky dip. And, if he Chairs the organization like he leads Lucia then they is some serious trouble too. But more than likely they have years of progress and proper leadership that will survive his chairmanship – unlike Lucia.

      • That is sad chain of thought and unsubstantiated claims. I don’t think we are in a position to cast any resolution on the tenure or the performance of the Current administration as yet. Remember they inherited a near Bankrupt St Lucia as Chastanet himself admitted to reporters and later was published in an article dated: OCt-16-2020. So Adjusting the country financial disposition and to set it on a different trajectory needs time and will only bare fruit or result at the next fiscal year end which is financial year 22/23. So your assertions false and statement premise at best are wishful thinking and but more importantly is premature in nature.

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