PRIME MINISTER SKERRIT IN ANTIGUA FOR 63rd MONETARY COUNCIL MEETING

Roseau, Dominica – July 18, 2008…. Prime Minister and Minister for Finance and Social Security, Hon. Roosevelt Skerrit is presently in Antigua and Barbuda attending the                      63rd Meeting of the Monetary Council of the Eastern Caribbean Central Bank.

 

The Monetary Council 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.

 

Other matters for discussion include the way forward in the regulation and supervision of credit unions in the Eastern Caribbean Currency Union (ECCU) and the work of the Pension and Pension Administration Reform Commission.

 

The Meeting will be chaired by Dr. the Honourable Errol Cort, Minister for Finance and the Economy and Council Member for Antigua and Barbuda.

 

The Prime Minister is accompanied at the Monetary Council Meeting by a senior official from the Ministry of Finance and Social Security.

 

In the absence of the Hon. Roosevelt Skerrit from the State, Hon. Ambrose George is acting as Prime Minister.

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