By Caribbean News Global contributor
BASSETERRE, St Kitts – Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to the premier and council member for Montserrat, Joseph Easton Farrell, during a handing over ceremony on July 23. The ceremony will be streamed on Facebook and YouTube from 9:00 am, the ECCB announced.
Premier Farrell will succeed outgoing chairman, prime minister and council member for Saint Kitts and Nevis, Dr Timothy Harris.
“The Monetary Council is the highest decision making authority of the ECCB and comprises the eight ministers for finance of the ECCB member countries: Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines. The chairmanship of the Council is rotated among the member countries in alphabetical order on an annual basis” the ECCB said in a statement, July 19. “Following the handing over ceremony, the Council will convene for its 99th meeting where it will receive the Governor’s Report on Money, Credit and Financial Conditions in the ECCU.”