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ECCB MONETARY COUNCIL MEETING |
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Wednesday, 23 July 2008 |
When the Monetary Council of the Eastern Caribbean Central Bank (ECCB) held its 62nd meeting in Antigua on 18 July 2008, a special welcome was extended to the newly elected Minister of Finance of Grenada, the Hon. Nazim Burke, who was attending his first meeting of the Council following the recent change of Government in Grenada. He was accompanied by the Permanent Secretary Mr. Timothy Antoine.
Under the chairmanship of Dr. the Hon. Errol Cort, Minister of Finance Antigua and Barbuda, the Council received the Governor’s report and was appraised of the recent monetary and credit conditions in the ECCU as well as policy issues which are of critical importance at the this time.
Included in the discussions were issues pertaining to:
- The stability of the financial sector;
- The regulation and supervision of Credit Unions in the ECCU;
- Inflation issues;
- Domestic fiscal conditions;
- Statistical support for policy formulation; and
- Pension and pension administration reform.
Speaking of the meeting, Minister Burke said:
“For us, it was a very significant meeting. Aside from the very warm and gracious welcome extended to us by Council members, we were most satisfied by the broad range of central issues examined and the quality and depth of the interventions. We have no doubt that Grenada benefits greatly from these proceedings and stands to benefit even more from the recommendations made and decisions taken at that meeting.”
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