Growth and Resilience Dialogue - Event Details

Regional Transformation Through Innovation

Eastern Caribbean Central Bank, Headquarters Basseterre, Saint Christopher (St Kitts) and Nevis

13 February 2020

Regional Transformation Through Innovation

The Growth and Resilience Dialogue is a one- day forum of representative groups of public and private sector partners to address growth, competitiveness and employment challenges in a sustainable manner across the Eastern Caribbean Currency Union (ECCU).

Transformation is not possible without digital disruption. ~Timothy N. J. Antoine Governor Eastern Caribbean Central Bank

Digital Economy Transformation Leveraging digital economy to improve growth and competitiveness in the ECCU Moderator: Timothy N. J. Antoine - Governor, ECCB Renewable Energy Transformation Leveraging renewable energy technologies by accessing available financing Moderator: Daniel Arthurton - Entrepreneurship and Agricultural Consultant

Payment System Transformation The future of the payment system in the ECCU Moderator: Jessel Gadsby - Managing Director Caribbean Credit Card Corporation Ltd

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Bird Rock, Basseterre, Saint Christopher (St Kitts) and Nevis

Regional Transformation Through Innovation

ABOUT THE HOST

MISSION Advancing the good of the people of the Currency Union by maintaining monetary and financial stability and promoting growth and development. VISION To be a model institution delivering exceptional service and influential policy advice to support the development of a thriving Currency Union. CORE VALUES

Planning Committee

Imran Williams (Coordinator) - Governor’s Immediate Office Delia Cox-Watkins - Bank Supervision Department

Rhina Meade - Statistics Department Peter Abraham - Research Department

Acklyn Blaize - Corporate Relations Department Wendy George - Governor’s Immediate Office Cosilia St. Louis-Jeremiah - Governor’s Core Corinne Browne - Support Services Management Department

Regional Transformation Through Innovation

ECCB IN ACTION

EC Digital Currency Pilot Project

The DXCD is a blockchain-based central bank issued digital currency. The ECCB is piloting the DXCD project with some key objectives including: • Financial safety • Improved transparency and traceability • Regional cross-border payment efficiencies • Promotion of competitiveness in financial services • Technological efficiencies • Enhanced regional coordination • Future-proofing banking The ECCB Campus Greening initiative is geared at achieving carbon neutrality by 2022 through two components: 1. Reduce electricity consumption powered by fossil fuel; and 2. Generate renewable energy for electricty. Some key facts about the project: • 3600 solar panels installed and will offset 60.0 per cent of ECCB’s current energy consumption • Built to withstand up to 185 mph winds • Will last at least 30 years • Will offset the equivalent of 150k hours of driving around St Kitts in terms of carbon emission • Phase I was completed in December 2019 and Phase II is scheduled to be completed by June 2020.

ECCB Campus Greening Project