The Bahamas Weekly Facebook The Bahamas Weekly Twitter
News : International : Caribbean News Last Updated: Jan 31, 2018 - 12:09:30 PM

Saint Lucia: ECCB briefs Government on plans for a Resilient Financial Sector
By Nicole Mc Donald
Jan 30, 2018 - 5:59:28 PM

Email this article
 Mobile friendly page

ECCB Governor with Cabinet of Ministers

Governor of the Eastern Caribbean Central Bank (ECCB) Mr. Timothy Antoine made a presentation to Saint Lucia’s Cabinet of Ministers on “Transforming the ECCU Together” which covered topics such as the Global Economy: Prospects and Risks, ECCB’s Strategic Approach and the current situation in the ECCU and Saint Lucia.

The ECCB reported that the Global economy posted growth of 3.7 percent in 2017 and global growth projections for 2018 and 2019 have been revised upward to 3.9 percent.

ECCB Makes presentation to Cabinet

Mr. Antoine noted that the outlook for the ECCU economy is generally positive but significant transformative reforms are required to elevate the current growth and employment trajectory.  The meeting also addressed issues such as the vulnerability of the region to natural disasters, external shocks and building resilience.

Prime Minister Honourable Allen Chastanet explained that the session was an opportunity for Cabinet to get reacquainted with the ECCB’s plans for ECCU growth. PM Chastanet also stated that with Saint Lucia’s strategy for investment in 2018, our island is poised to continue to play a significant role in the development of the region.

Bookmark and Share

© Copyright 2018 by thebahamasweekly.com

Top of Page

Receive our Top Stories

Preview | Powered by CommandBlast

Caribbean News
Latest Headlines
PwC officially re-opens its doors in St Lucia to continue to create a sustainable strategy for its clients
Spirit Airlines to start new nonstop flights from Orlando to St. Thomas
Saint Lucia to Host the 65th Meeting of the OECS Authority, 18-19 June 2018
Saint Lucia wins top CTO Travel Media Social Media Award
Tourism Chief upbeat about the Caribbean's future