ECCB 2025-2026 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2025 - 2026

Environmental, Social and Corporate Governance

T he Eastern Caribbean Central Bank is guided by best practices of corporate governance, and as such, the Bank is committed to ensuring that this attribute is preserved in its operational procedures and processes. The ECCB’s Corporate Governance Framework is reinforced by the following pillars: ; Firm foundation for management and oversight; ; Proactive and sound risk management and internal control; ; Integrity in financial reporting; ; Code of Conduct that endorses ethical values; and ; Reciprocal relationship with stakeholders. The Corporate Governance Framework is directed by: ; The ECCB Agreement Act, 1983 (as amended) and the Banking Act, 2015; ; The corporate governance principles for the Organisation of Eastern Caribbean States (OECS); ; The legal and regulatory framework of the ECCB member countries; and ; Best practices in the local and international arena. The framework promotes accountability; ensures that appropriate control systems are developed and are operationalised to address related risks; and fosters innovation through critical thinking and problem-solving in pursuit of the Bank’s objectives.

Finance within the ECCB Participating Member Governments. The ECCB Agreement, Article 7 (1) allows for each Minister to designate an Alternate, who must also be a minister of government, to serve in his/her stead during the absence of said Council Member. Chairmanship of the Monetary Council The Chairmanship of the Monetary Council is held for one year and is rotated among Participating Member Governments in alphabetical order. Honourable Gaston Browne, Prime Minister and Minister for Finance, Antigua and Barbuda, has been serving as the Chairman of the Monetary Council since July 2025. Honourable Browne,

Minister for Finance, Corporate Governance and Public Private Partnerships has been serving on the Monetary Council from June 2014, by virtue of holding the portfolio of the Minister with responsibility for Finance, and in keeping with the Articles of the ECCB

Chairman ECCB Monetary Council Hon Gaston Browne

Agreement Act.

Meetings of the Monetary Council A rticle 7 (2) of the ECCB Agreement states, “The Council shall meet not less than twice each [calendar] year to receive from the Governor the Bank’s report on monetary and credit conditions and to provide directives and guidelines on matters of monetary and credit policy to the Bank and for such other purposes as are prescribed under this Agreement.”

Administration and Management Monetary Council

The Monetary Council is the highest decision making body of the Bank and constitutes the eight Ministers with responsibility for the Ministry of

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