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PRESS RELEASE – Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to Dr. Ralph Gonsalves, council member for St. Vincent and the Grenadines, during the official handing-over ceremony on July 25 at the Buccament Bay Resort, St. Vincent and the Grenadines.
Prime Minister Gonsalves will succeed the outgoing chairman, Dr. Kenny D Anthony, council member for Saint Lucia.
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 chairman, Prime Minister Gonsalves, will present the communiqué and along with the other members of the Council, will field questions from media representatives in St. Vincent and the Grenadines.