ECCB Shaping The Future Of The Region
ECCB Governor, Sir K Dwight Venner, says the ECCB has performed a particular and peculiar role creating a monetary union with a quasi currency board arrangement. This has resulted in the countries having a stable currency, low inflation and a safe and sound banking system. Governor Venner was speaking at the Handing Over Ceremony for the change in chairmanship of the Monetary Council on Thursday, 22nd July 2004. He stated that the capacity to conceive, articulate and implement good policies was of vital importance, recognising that economic history had shown that the most successful economies and countries had been those which had good policies as opposed to abundant natural resources. He stressed that these policies must be effectively communicated to the public at large, so that society could understand and support them. He encouraged governments and the private sector to support the process by making information available on a timely basis. This would allow for more efficient allocation of resources, and facilitate the region
