ST. GEORGE’S, GRENADA, Friday, March 5 2010: Minister of Finance, Hon. Nazim Burke, left the island this morning to attend the 66th Meeting of the Monetary Council of the Eastern Central Bank (ECCB) in St. Kitt’s.
According to information from the ECCB, the main discussion items on the agenda are the stability of the Eastern Caribbean Currency Union’s (ECCU) financial sector and sustaining growth in the post economic crisis period.
In addition, reports will be given by:
- Hon. Roosevelt Skerritt, Prime Minister of Dominica and Chairman of the Ministerial Sub-Committee on Cooperatives, on the progress made in seeking the speedy enactment of modern legislation for effective regulation in the cooperatives sectors of the ECCU; and
- Hon. Harold Lovell, Council Member for Antigua and Barbuda and Chairman of the Ministerial Sub-Committee on Offshore Business, on the progress made in seeking the speedy signing of Tax Information Exchange Agreements (TIEAs).
Hon. Dr. Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines, will also make a presentation on behalf of the Ministerial Sub-Committee on Insurance Business, which is currently seeking to find a resolution to the insurance sector crisis in the ECCU.
It is expected that coming out of the meeting, member countries will be provided with directives and guidelines on fiscal policies to address their current financial issues to meet their needs at this time.
