St. Kitts – Nevis Government Attend Monetary Conference

St. Kitts - Nevis Prime Minister Denzil Douglas

St. Kitts – Nevis Prime Minister Denzil Douglas
Photo By Erasmus Williams

Basseterre, Saint Kitts – Nevis
July 18, 2008 (CUOPM)

St. Kitts and Nevis Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas is leading the twin-island Federation’s delegation to the 62nd Meeting of the Eastern Caribbean Central Bank’s Monetary Council in Antigua and Barbuda.

The one-day meeting will receive the Governor’s report on monetary and credit conditions, and will provide directives and guidelines to the Bank on related policy matters, as mandated by the ECCB Agreement 1983, which governs the operations of the Central Bank.

The Council will also deliberate on issues related to the inflationary pressures currently being experienced in member countries.  Among the other matters to be considered are the way forward in the regulation and supervision of credit unions in the ECCU and the work of the Pension and Pension Administration Reform Commission.

In a brief handing-over ceremony prior to the meeting, Dr. the Honourable Errol Cort, Minister of Finance and the Economy, and Council Member for Antigua and Barbuda accepted the chairmanship from the outgoing chairman, the Honourable Victor F. Banks, Minister of Finance and Economic Development, and Council Member for Anguilla.

Following the meeting, Council Members will meet with representatives of the Antigua and Barbuda media at a press briefing, where they will review the meeting’s communiqué and respond to queries posed by the media.

Other members of the St. Kitts and Nevis delegation are Federal Financial Secretary, Mrs. Janet Harris; Financial Advisor, His Excellency Ambassador Wendell Lawrence and Financial Secretary in the Nevis Island Administration, Mr. Laurie Lawrence.

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