The Eastern Caribbean Central Bank’s (ECCB) 104th Monetary Council Meeting was held in Roseau, Dominica, on February 24, 2023, at the bank’s headquarters on the twin-island Federation of St. Kitts and Nevis.
Irving McIntyre, Minister of Finance, Economic Development, Climate Resilience, and Social Security, will represent the Commonwealth of Dominica, a nation in the Caribbean.
He arrived in the neighbouring nation on February 24, 2023. He attended the 104th Meeting of the ECCB Monetary Council at the ECCB Headquarters in St. Kitts, according to the latest information the country’s administration provided.
During the meeting, the Eastern Caribbean Central Bank (ECCB), which provided an update, received the Governor of the Eastern Caribbean Currency Union’s Report on Monetary and Credit Conditions (ECCU). The data in the paper covered the period from January to December 2022.
The report, according to the Bank, was titled “A BIG Push…For Resilience, Innovation, Inclusion and Transformation,” and its main emphasis was on the recent economic recovery, both globally and within the ECCU, as well as the effects that the increased level of global uncertainty is having on this recovery.
The International Monetary Fund (IMF) had previously predicted 2.7% global growth for the most recent year; the report stated that the IMF’s prediction for 2023 had been moved up by 0.2 of a percentage point to 2.9%. This is less than the 3.8% average between 2000 and 2019.
At its conclusion, the Monetary Council announced that its 105th meeting would occur in St. Vincent and the Grenadines on July 21, 2023. (Friday). Camillo Gonsalves, minister of finance, will preside over the meeting as chairman of the Monetary Council.
