Prime Minister and Minister of Finance Dr. Ralph Gonsalves says a number of important decisions were taken at the 81st Meeting of the Council of the Eastern Caribbean Central Bank, ECCB held in St. Kitts/Nevis last month.
The meeting, which was held on February 23rd, received the report on monetary and credit conditions in the Eastern Caribbean Currency Union from the Governor of the ECCB, Sir Dwight Venner.
Speaking at a News Conference yesterday, the Prime Minister said three major decisions were taken to regulate the Commercial Banking Sector in the sub-region.
The Prime Minister said a special arrangement has been made to deal with troubled Banks.
The Monetary Council of the Eastern Caribbean Central Bank (ECCB) is the institution’s highest decision making body. The Council comprises the Ministers for finance from the eight member governments: Anguilla, Antigua/Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines.