The Eastern Caribbean Central Bank (ECCB) has reappointed Grenadian economist Timothy N.J. Antoine as governor for a new five-year term effective February 1, following a meeting of the bank’s Monetary Council on Friday.
In a statement issued after the one-day meeting, the council said the decision reflects the importance of leadership continuity as the region pursues policies to maintain stability and secure long-term growth, diversification and resilience.
“The Council underscored the importance of leadership continuity at a time when the region must pursue bold and coordinated policy action to maintain stability and secure durable growth, diversification and resilience,” the statement said.
Antoine, a development practitioner by training, previously served 22 years with the Government of Grenada, most of that time as permanent secretary in the Ministry of Finance. He became the third governor of the ECCB on February 1, 2016.
Over the years, he has contributed to regional development through service on several boards and committees, including the ECCU Technical Core Committee on Insurance and the Caribbean Development Bank. He has also served as a director of the Caribbean Catastrophe Risk Insurance Facility and advised the executive director for Canada, Ireland and the Caribbean at the World Bank Group.
Antoine currently chairs the Eastern Caribbean Home Mortgage Bank and the Eastern Caribbean Securities Exchange.
The ECCB serves as the central bank for eight member states and territories of the Eastern Caribbean Currency Union, including Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.
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