Eastern Caribbean Central Bank 2024-2025 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2025 (Expressed in Eastern Caribbean dollars)

24. Commitments and contingencies Commitments Capital commitments

As at 31 March 2025, commitments for capital expenditure amounted to $3,627,506 (2024: $7,634,166). No provision has been made in these financial statements for the unexpended capital commitments as at reporting date although appropriate funding has been approved.

Credit limits to participating governments Article 40 (1) of the ECCB Agreement Act 1983 stipulates that “the Bank may, subject to such terms and conditions as the Board may prescribe, make temporary advances to each Participating Government to meet its seasonal needs…”. This can take the form of ECCB’s direct investment in government securities, overdrafts on operating accounts and temporary advances. The approved credit limits to participating governments for the current financial year is $847,500,000 (2024: $840,000,000). The details are presented in the table below:

2025 $

2024 $

163,966,000 162,313,000 130,379,000 122,252,000 120,599,000 94,717,000 45,706,000 7,568,000

Government of Saint Christopher (St Kitts) and Nevis

164,934,000 164,615,000 119,036,000 148,933,000 90,081,000 102,749,000 41,353,000 8,299,000

Government of Saint Lucia Government of Grenada

Government of Antigua and Barbuda Government of Commonwealth of Dominica Government of Saint Vincent and the Grenadines

Government of Anguilla Government of Montserrat

Total credit limit

847,500,000

840,000,000

The total credit available to participating governments as of 31 March 2025 amounts to $530,312,000 (2024: $560,723,000). The details are presented in the table below: 2025 $ 2024 $ Government of Saint Christopher (St Kitts) and Nevis 163,966,000 164,934,000 Government of Grenada 130,379,000 119,036,000 Government of Commonwealth of Dominica 99,198,000 66,814,000 Government of Anguilla 45,706,000 41,353,000 Government of Saint Lucia 42,528,000 104,878,000 Government of Antigua and Barbuda 23,221,000 30,431,000 Government of Saint Vincent and the Grenadines 17,746,000 24,978,000 Government of Montserrat 7,568,000 8,299,000 Total credit available 530,312,000 560,723,000

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