PM Browne in St. Kitts for Meeting of the ECCB Monetary Council...

PM Browne in St. Kitts for Meeting of the ECCB Monetary Council and Meeting of the OECS Authority

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Prime Minister the Hon. Gaston Browne is today in St. Kitts and Nevis for the 87th Meeting of the Monetary Council of the Eastern Caribbean Central Bank and the 64th Meeting of the OECS Authority.

Prime Minister Browne, who is the Chairman of the Monetary Council said that they are expected to look at proposed amendments to the Banking Act, hear an update on the amalgamation of the Indigenous Banks, receive and update on the first project for the diversification of the ECCU Financial system and address procedures for the selection of a governor and deputy governor of the ECCB among other matters.

Prime Minister Browne said that the meeting will also look at the progress of the Union in advancing efforts to improve and diversity the financial infrastructure to facilitate access to credit by the private sector, such as the establishment of the Partial Credit Guarantee Scheme and continue to give support to the implementation of the OECS Growth and Development Strategy and the mobilization of the private sector.

Financial Secretary of Antigua and Barbuda, Mr. Whitfield Harris who is attending the Meeting with Prime Minister Browne, will present a report in his capacity as Chairman of the Core Technical Committee on Insurance.  He is expected to provide members of the Union with an update on BAICO, CLICO International Life Insurance (CIL) and the project for establishing a single market for Insurance and pensions.

Following the ECCB Monetary Meeting, Prime Minister Browne will attend the 64th OECS Authority Meeting which will discuss among other things an Air Services Agreement, an initiative on transport of agricultural produce through the region, Security, ECCAA and engage World Bank Vice President of Latin America and the Caribbean on Blue Economy initiatives.

Prime Minister Browne returns to the country on Saturday.  Attorney General and Minister of Legal Affairs, the Hon. Steadroy Benjamin is the Acting Prime Minister.

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