The ECCU Private Sector Moves Towards Improving its Representation and Role in OECS Growth Process
Representatives from the private sector in the Eastern Caribbean Currency Union (ECCU) have approved a programme for the modernisation of key sectors to facilitate the growth and economic development of the OECS. The programme, which addresses critical areas of correlation and collaboration among the ECCU member countries, was approved at the 4th meeting of the Private Sector Representatives held on 30 April. The meeting was convened to discuss: (i) current issues affecting the private sector; (ii) matters related to the organisation of the private sector into representative bodies at the national level; and (iii) the regionalisation of the OECS Business Council. During the meeting, the representatives discussed approaches to the operationalisation of the Business Council, which is a regional body mandated to serve as a representative body for the private sector in the region. In support of the Business Council, the discussion focused on the private sector representation at the national and regional levels, and the possible ways of financing the representatives of the private sector. The private sector representatives have committed to meeting monthly to focus on specific issues and areas for research, development and consensus for moving forward. This level of focus and concentration will allow for interactive engagement, problem resolution and recommendations on critical operational issues that impact private sector development in the ECCU. The meeting in May will focus on air transportation. The meetings of ECCU Private Sector Representatives are held via videoconference between the ECCB Headquarters, St Kitts and Nevis and the ECCB Agency Offices in the other seven member countries. The group welcomes the participation and contribution of all private sector representatives in the ECCU. -30-

Eastern Caribbean Central Bank
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