OECS Chairman commends contribution of Prime Minister Dr. Hon. Ralph Gonsalves to ECCB Monetary Council
OECS Media Release
Saturday, February 17, 2018 — The just concluded 90th Meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) marked a significant milestone for a pillar of OECS integration and it also signaled the departure of The Prime Minister of St. Vincent & the Grenadines Dr. Hon. Ralph Gonsalves from the Council.
The OECS Chairman said that:
“PM Gonsalves has the distinction of being one of the signatories of the Revised Treaty of Basseterre which was signed on the 18th June 2010 and throughout his long tenure in office he has been an anchor of OECS regional integration and a Pillar of institutional continuity in the Monetary Council.”
“In his capacity as Chairman of the Ministerial Subcommittee on Insurance, Prime Minister Gonsalves led the Monetary Council response to the BAICO/CLICO Insurance situation.
“As a consequence well over $100 million have been paid to thousands of BAICO policyholders thereby bringing some much needed relief” said OECS Chairman Hon. Allen Chastanet.
The new Vincentian Minister of Finance Hon. Camillo Gonsalves replaces Dr. Hon. Prime Minister Ralph Gonsalves on the Monetary Council.
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