(ZIZ News) — The new Governor of the Eastern Caribbean Central Bank, Timothy Antoine, has laid out his vision for the future of the institution and the Eastern Caribbean Currency Union.
During a tele-press conference on Monday afternoon, Antoine said his plans include developing a strong and resilient financial system in the region.
“Let me make the point that our financial system is stable and improving but we want it strong and resilient; able to withstand shocks. Because as you know the business cycle, from time to time, goes up and goes down and we must be prepared to be resilient, regardless of the circumstances,” he said.
He also emphasized that the bank must remember its role to serve the people.
“We are public servants. We are servants and we must never take our position for granted. We must never take the Central Bank for granted. We are accountable to the people of the region and I want to affirm that as the Chief Public Servant of this bank that we are committed to serve,” he said.
The new governor’s vision for the ECCU also included sustainable public finances, a single economic and financial space, single digit unemployment, and a striving and thriving citizenry.