Sunday, April 21, 2024

OECS to meet on impact of crisis

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CASTRIES – Heads of Government of the Organisation of Eastern Caribbean States (OECS) and the Eastern Caribbean Central Bank (ECCB) Monetary Council will meet in St Lucia this week for discussions on the growth prospects of the OECS in light of the international financial crisis.
A meeting with senior officials of the World Bank will also be held here on Friday and will follow the fourth Joint Meeting of the OECS Authority and the ECCB Monetary Council on September 30.
Counterparts are expected to discuss means of stimulating sustainable growth in the Eastern Caribbean Currency Union ECCU/OECS.
Director of Finance Issac Anthony said that since January 2009, the member countries of the ECCU have held a number of strategic meetings to engage in an in-depth assessment of the impact of the global financial and economic crisis on member countries and to discuss strategies in response to the crisis.
“The establishment of an Economic Union provides a platform for the development of a growth strategy that is aligned with the Eastern Caribbean Currency Union Eight Point Stabilisation and Growth Programme,” he noted.
Anthony added that in light of the financial crisis, roundtable consultations have been scheduled to discuss growth prospects in the OECS. (CMC)

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