ECCB 2023-2024 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2023 - 2024

Participants at the CBI Technical Meetings Held in Miami, Florida, USA, 26 - 27 October 2023

CBI T echnical M eetings The Bank collaborated with the United States Treasury Department to convene technical meetings on Citizen by Investment Programmes (CBI/CIP) in Miami, Florida, USA, over the period 26 - 27 October 2023. The meetings were held under the theme “Strengthening Cooperation to Protect CBI Programmes in the Eastern Caribbean”. That event brought together the Chairmen and Chief Executive Officers of the ECCU’s Citizenship by Investment Units, as well as representatives from the OECS Commission, CARICOM IMPACS, ECCB and US Treasury. The parties recognised the significant role that the CBI Programmes play in the economic development of the countries and reaffirmed their shared commitment to safeguarding the integrity of the programmes against misuse by illicit actors. The discussions focused on the CBI countries’ progress on the implementation of the Six CBI Principles agreed to by the Heads of Government at the historic US- Caribbean Roundtable on CBI held in Saint Christopher (St Kitts) and Nevis on 25 February 2023, and on crafting a way forward. S pring M eetings of T he W orld B ank G roup and I nternational M onetary F und The ECCB participated in the 2023 Spring Meetings of The World Bank Group and the International Monetary Fund (IMF) in Washington DC over the period 11-14 April 2023. The delegation was led by Governor, Timothy N. J. Antoine. The ECCB delegation engaged in bilateral discussions with various stakeholder groups, from the World Bank Group, the IMF, the Bank for International Settlements, Crown Agents, the United States Treasury Department, and academia. The delegation leveraged the opportunity to advocate on behalf of the region on several critical issues such as: climate finance, correspondent banking relations, Citizenship by Investment Programmes, financial literacy and financial inclusion, and payments. A nnual M eetings of T he W orld B ank G roup and I nternational M onetary F und The Bank attended the 2023 Annual Meetings of The World Bank Group and the IMF, which convened in Marrakech, Morocco in October 2023, under the theme: “Global Action, Global Impact.” The Bank used the opportunity to bolster its networking and advocate for capacity building in several strategic areas for the development of the ECCU.

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