ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

the Plan and its refinement in collaboration with an external consultant. Transforming the Eastern Caribbean Currency Union Together ECCB Strategic Plan 2017 - 2021 W ithin the current and future context, characterised by economic uncertainty,

technological disruptions, rapid evolution towards a globally integrated economy and fiscal challenges faced by member governments, the Bank is developing the Strategic Plan 2017-2021. The Plan sets out the Bank’s vision for the next five years and focuses on goals that are needed to better reflect the expression of the Bank’s mandate and provides strategies to guide the accomplishment of these goals over the coming years.

Strategic Planning and Projects Department (SPPD) The Strategic Planning and Projects Department was established to provide a focal point for the planning and development of the Bank’s strategic priorities. The responsibilities of the department include strategic policy development and monitoring, policy counsel to the Bank’s leadership, policy formulation and coordination, project management and coordination of the Bank’s financial and economic developmental initiatives.

The Bank coordinated the in-house development of

The first and principal goal to maintain a strong and stable EC dollar is the foundation pillar of the strategic framework and is intimately connected to success in the other three goals encompassing: the ECCU financial sector, economic development and member governments’ fiscal affairs. The fifth goal relates to the internal capacity of the ECCB to excel in the delivery of the strategy. These five goals are formulated to contribute to the socio-economic transformation of the ECCU region by facilitating sustainable economic expansion in a balanced, inclusive and integrated manner.