The Eastern Caribbean Monetary Council has appointed permanent secretary in Grenada’s ministry of finance, Timothy Antoine, as governor of the Eastern Caribbean Central Bank (ECCB).

Antoine was one of the two candidates shortlisted for the position in December 2015. The other candidate was Dr. Hyginus Leon of St. Lucia, a senior official of the International Monetary Fund.

In welcoming Antoine, Victor Banks, chief minister of Anguilla and chairman of the Monetary Council, noted that “Mr Antoine is an outstanding Caribbean professional with a clear vision for the ECCB and demonstrated commitment to the development of the Eastern Caribbean Currency Union (ECCU).”

The new governor has served as director on several regional boards including the Caribbean Development Bank and the Caribbean Catastrophe Risk Insurance Facility. He also served as advisor to the executive director for Canada, Ireland and the Caribbean at the World Bank Group from 2005-2007.

Antoine will officially assume office on February 1st, 2016.

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