Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Organisational Effectiveness and Development

Communication and Stakeholder Engagements ECCB Blog

Blog production resumed during the year in review after a brief hiatus, due to the schedule of activities in celebration of the ECCB’s 40 th anniversary of service to the region. The focus for 2024 was on the “Big Push,” which identified several policy initiatives that can assist in doubling the economy of the ECCU in the next decade. In line with the focus, the blog - The Big Push - was published in July 2024. Additionally, the Bank has identified related subject areas for production and publication in 2025. Social Media Strategy The Bank is progressing with the development of its social media strategy in its quest to enhance strategic communication. Work on the Communications Framework, a strategic priority for the Bank, is ongoing. The communications roadmap is complete following consultations with various departments and discussions with management. Through the strategy, the Bank and itsworkwill bemore accessible to the public and the public’s interaction with the Bank will be enhanced. The strategy is about building public awareness and enhancing clarity and transparency regarding the services that the Bank offers to the people of the region. The aim is to deepen trust, by ensuring that communication by the Bank becomes easier, simpler and clearer and that the public and other key stakeholders in the ECCU have greater access to the ECCB. Consultative Meetings with ECCU Development Banks and Financial Secretaries The Bank continued to bolster collaboration with

Meeting with ECCU Financial Secretaries ECCB Headquarters - October 2024

important partners in the ECCU. Engagements in the form of networking meetings, both virtually and in-person, were convened with development banks’ executives and Financial Secretaries. The Bank engaged one of its major stakeholders – Financial Secretaries – in July 2024 on the theme “Towards Stronger Fiscal Resilience in the ECCU.” The discussions were centred on the promotion of fiscal resilience, medium-term fiscal strategies and frameworks. The Mission Chief for Saint Vincent and the Grenadines at the IMF led the discussion on policy considerations for small developing states. The Financial Secretaries weighed in on issues specific to the region and identified some opportunities that could be leveraged for the continued development of the fiscal architecture in the ECCU. InOctober 2024, the Financial Secretaries convened for another round of discussion under the theme “Enabling the Big Push through Fiscal Resilience and Growth-Enhancing Reforms.” A presenter from White Oak Advisory led the discussions on climate-resilient debt clauses, while the Financial Secretary for Grenada shared insights on “Medium Term Fiscal Strategy and Frameworks” referencing Grenada’s fiscal resilience legislation. The Financial

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