Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Organisational Effectiveness and Development

as Administrative Professional Day, Mother’s Day, Father’s Day, International Women’s Day, International Men’sDay and Employee Appreciation Day. A wholesome approach to employee development includes health and wellness; crucial factors that directly impact employees’ overall productivity. The Bank paid keen attention to employee wellbeing, including physical health, mental health support, and work-life balance as a means of fostering a positive work environment, reducing absenteeism and enhancing job satisfaction. In the area of mental

a week-long study at the Bank of Canada (BoC) for a team of Policy Analysts. The study tour provided the staff an immersive experience at the BoC, to learn about their policy work. The BoC was selected as the host institution for the study tour given its prominence as a leading central bank, that is considered to be a model institution in many aspects of central banking. The staff got the opportunity to learn more about what the BoC is doing in the areas of research, policy analysis, data analytics, policy writing, communication, and how it is leveraging generative artificial intelligence in their work. The aim was to learn best practices in these

areas that can be incorporated into work that contributes to the strategic objectives of the Bank.

health, staff continued to benefit from open and confidential access to counselling services through qualified service providers. Staff also actively participated in health fairs, health talks and other wellness initiatives.

The Bank paid keen attention to employee wellbeing, including physical health, mental health support, and work life balance as a means of fostering a positive work environment, reducing absenteeism and enhancing job satisfaction.

Strengthening Statistical Capacity

The Bank actively participated in regional and international initiatives, as part of ongoing efforts to strengthen statistical capacity and address data gaps. The Bank also engaged in missions led by the Caribbean Regional Technical Assistance Centre (CARTAC), focusing on enhancing the skills of compilers and addressing data issues within the ECCU. These missions also provided a platform for stakeholder engagement, facilitating discussions on data coverage issues and strategies for improving statistical outputs. In June 2024, the Bank collaborated

The

Bank

completed

its

compensation implemented

review

and

recommendations inclusive of a comprehensive job description review and revised salary structure. During the period, a triennium review was also undertaken. The Bank continues to remain proactive and vigilant in providing fair and competitive compensation aimed at attracting and retaining top tier talent. Training and Capacity Building Staff Development: Study Tour at the Bank of Canada In March 2025, the Bank supported

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