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Finance Minister Dr McIntyre addresses 104th Monetary Council of ECCB in St Kitts

The Eastern Caribbean Central Bank (ECCB) hosted the 104th meeting of its Monetary Council at the bank’s headquarters in the twin-island Federation of St Kitts and Nevis on February 24, 2023.

The Minister of Finance, Economic Development, Climate Resilience, and Social Security, Dr Irving McIntyre, represented the Commonwealth of Dominica, a country in the Caribbean. The government of the nation also shared an update which stated that he arrived in the neighbouring nation on the occasion of the 104th meeting of the ECCB Monetary Council on February 24, 2023, at the ECCB Headquarters in St Kitts.

The Eastern Caribbean Central Bank (ECCB) also provided an update that during the meeting, they received a report from the Governor of the Eastern Caribbean Currency Union on Monetary and Credit Conditions (ECCU). The data in the report covered the period from January to December 2022. According to the Bank, the report was titled “A BIG Push…For Resilience, Innovation, Inclusion and Transformation,” its main emphasis was on the recent economic recovery globally and within the ECCU and the effects of increases and recovers levels of global uncertainty.

Meanwhile, the International Monetary Fund (IMF) had previously predicted 2.7 percent global growth for the most recent year. The report stated that IMF’s predicted 0.2 of a percentage point would increase to 2.9 percent by 2023, which is less than the 3.8% average between 2000 and 2019.

The Monetary Council also concluded the meeting by announcing that the 105th meeting would occur in St. Vincent and the Grenadines on Friday, July 21 2023. And they also added that the meeting would head by Camillo Gonsalves, Minister of finance, who will be presiding over the Monetary Council.

 

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