Prime Minister Ralph Gonsalves will today take over from his St. Lucian counterpart, Kenny Antony, as chair of the Monetary Council of the Eastern Caribbean Central Bank (ECCB).
The official handing over ceremony takes place at Buccament Bay Resort at 9 a.m.
The Monetary Council is the highest decision making authority of the ECCB and comprises the eight Ministers for Finance of the ECCB member governments.
Chairmanship of the Council is rotated alphabetically each year among the eight ECCB member countries: Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat,
St. Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines.
Following the handing over ceremony, the council will convene for its 79th Meeting, where it will receive the ECCB Governor’s Report on Money and Credit Conditions in the Eastern Caribbean Currency Union.
Upon conclusion of the meeting, the newly appointed Gonsalves will present the communiqué and along with the other members of the council, will field questions from media representatives.