Governor Updates Media in Anguilla on Recent Developments in ECCU

Basseterre, St Kitts, May 26, 2022 (ECCB) – Food security, renewable energy and credit worthiness were some of the issues the Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine, addressed in his response to questions from the media concerning the development and prospects for Anguilla and the Eastern Caribbean Currency Union.

In the second of a two-part ECCB Connects programme, in response to a question on the agricultural framework in the Caribbean, Governor Antoine, says that the recent fast-ferry service offered by Guyana is an important investment to assist with efficient food transportation within the region. He added that almost 8 to 10 deaths are from non-communicable diseases and it was important for farmers within the region to have enough governmental support in their trade to reduce food prices, making it affordable for consumers.

On the issue of renewable energy, Governor Antoine says that the ECCB is collaborating with The World Bank and other partners to assist ECCU governments with the necessary regulatory framework and technical expertise for greater investment in renewable energy to benefit the region. Governor Antoine expressed the view that the region cannot be transformed without energy. He added that the cost of energy is a major drag on businesses, hence it was critical to first address this fundamental cost.

To view the full presentation, log on to the ECCB’s YouTube channel and Facebook Page: ECCB Connects.