BASSETERRE, St. Kitts, CMC – The Monetary Council of the Eastern Caribbean Central Bank (ECCB) has re-appointed Grenadian economist Timothy N.J Antoine as Governor of the St. Kitts-based ECCB.
A statement issued following the Council’s one-day meeting here on Friday said that Antoine had been re-appointed for five years, effective February 1 this year.
“The Council underscored the importance of leadership continuity at a time when the region must pursue bold and coordinated policy action to maintain stability and secure durable growth, diversification, and resilience,” the statement said.
Antoine, who is also a development practitioner by training, had served for 22 years with the Grenadian government, most of that time as permanent secretary in the Ministry of Finance, before taking up his appointment as the third ECCB Governor on February 1, 2016.
Antoine has contributed to the development of the Eastern Caribbean Currency Union (ECCU) and wider Caribbean by serving on several regional and international boards and committees, including Chairman of the ECCU Technical Core Committee on Insurance, the Barbados-based Caribbean Development Bank (CDB), and a director of the Small Countries Financial Management Centre, Isle of Man.
He has also served as a director of the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) based in the Cayman Islands. He served as an advisor to the Executive Director for Canada, Ireland, and the Caribbean in the World Bank Group.
He is currently the Chairman of the Eastern Caribbean Home Mortgage Bank and the Eastern Caribbean Securities Exchange. The ECCB serves as the central bank for Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.
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