ECCB 2018-2019 Annual Report and Statement of Accounts

| EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2018/2019

The Eastern Caribbean Payments Council was reconstituted in June 2018, with

Deputy Governor of the Eastern Caribbean Central Bank, Trevor Brathwaite as

Chairman.

1 October 2018 marked 35 years since the ECCB was established. The

anniversary was commemorated under the theme:

Celebrating 35 Years of

Existence, Service and Monetary Stability

The Bank release the 100

episode of its weekly public education programme,

ECCB Connects

, on 24 October 2018. As part of the Bank’s communication

thrust, the programme seeks to provide insights to the public about the work of

the ECCB and how it affects the lives of the people of the ECCU.

GlobalMarkets named Governor, Timothy N. J. Antoine, Central Bank Governor

of the Year for the Caribbean in October 2018. GlobalMarkets is the featured

newspaper for the meetings of the International Monetary Fund (IMF)/The

World Bank, European Bank for Reconstruction and Development, Asian

Development Bank and Inter-American Development Bank. It recognises the

accomplishments of the world’s outstanding policymakers during its annual

awards event.

In November 2018, Governor Timothy N. J. Antoine assumed Chairmanship of

the CARICOM Central Banks Governors.

The first Chief Director (Policy), D Tracy Polius, was appointed on 7 January

2019.

The ECCB launched its EC Digital Currency Pilot Project on 12 March 2019. The

launch followed the ECCB’s signing of a contract with Barbados-based FinTech

company, Bitt Inc. on 21 February 2019 to conduct a blockchain-issued Central

Bank Digital Currency (CBDC) pilot within the ECCU.

CEO of Bitt Inc, Rawdon Adams (left) and Governor of the ECCB,

Timothy N. J. Antoine (right), at regional media conference on the

conduct of a blockchain-issued Central Bank Digital Currency (CBDC)

pilot within the Easterm Caribbean Currency Union

Governor of the ECCB, Timothy N. J. Antoine, holding GlobalMarkets

Governor of the Year for the Caribbean Award at Annual Awards

Reception in Bali, Indonesia

HIGHLIGHTS

OF THE YEAR