Eastern Caribbean Central Bank

2010 -On 15 December, the member countries of the Eastern Caribbean Currency Union (ECCU) simultaneously launched their rebased National Accounts and Consumer Price Index (CPI) across the region via videoconference from the ECCB Headquarters and Agency Offices. On 7 December, the Bank collaborated with the World Bank to launch two projects geared towards strengthening the Institute of Chartered Accountants of the Eastern Caribbean (ICAEC) and the accountability of the non-bank financial sector. These projects form part of ECCB's commitment to regional advancement for sustainable growth and development. Over the period 12-13 November, the Bank hosted the 89lh Meeting of the Committee on International Monetary Law of the International Law Association (MOCOMILA) over the period 12-13 November 2010. Participants of the meeting included Committee Members from the European Central Bank, the Federal Reserve Bank of New York, and Central Banks across the globe, and eminent scholars from the Americas. Europe, and Asia. The Attorney General of St Kitts and Nevis. President of the OECS Bar Association. Executive members of the St Kitts and Nevis Bar Association also attended the meeting. In October 2010. the Bank played an integral role in the transition of the Bank of Antigua Ltd to a new entity, the Eastern Caribbean Amalgamated Bank Ltd (ECAB). which commenced operations on 18 October. Over the period May 2010 - February 2011. the Entrepreneurship module of the ECCB Savings and Investment Course was successfully piloted in St Kills and Nevis. The course is intended to inspire more persons to consider entrepreneurship as a possible goal and promote best business practices among small business owners. The course covers four broad areas (i) Business (ii) Marketing (iii) Finance and (iv) Management. It is anticipated that the course will be rolled out in the other ECCB member countries commencing the 2011/2012 financial year. 2009 - On 29 December the New OECS Economic Union Treaty was initialled by the Heads of Government of the ECCU countries at the Eastern Caribbean Central Bank Headquarters. The ECCU Eight Point Stabilisation and Growth Programme was signed by the Heads of Government of the ECCU at a working session on 29 December at the Bank's Headquarters. A two-week Boot Camp was held at the Bank from 7-18 September to develop a coherent and consistent strategy for the implementation of the ECCU Eight Point Stabilisation and Growth Programme to address the effects of the global financial and economic crisis on the ECCU member countries. The collaborating agencies were: Government of Spain. CIDA. CDB. CARTAC, CARICOM/CARIFORUM. DFID. EIL IMF. OECS. UNDP and World Bank. On 23 July the first regional interactive discussion with ECCU Heads of Government. ECCB Monetary Council and the OECS Economic Union Task Force took place via videoconference. on the OECS The Bank Supervision Department was established in late 1983. The Department's operations were centred on the powers granted to the Bank under Article 3(2) of the Central Bank Agreement to regulate banking business on behalf of and in collaboration with participating governments: and also Article 35(1) which specifically gives the Bank the right to require financial institutions to open their books for inspection to verify compliance with the directives issued. The first meeting of the ECCB Board of Directors was held on 5 October.

Address: PO Box 1385, Fairplay Financial Complex, The Valley, Anguilla

Phone: +1 264 4975050
FAX: +1 264 4975150