The Eastern Caribbean Central Bank (ECCB) has reaffirmed its commitment to leadership continuity by reappointing Timothy N.J. Antoine as Governor for an additional five-year term. The Monetary Council finalized this decision during its 112th meeting held at the ECCB Campus in St. Kitts and Nevis, chaired by Antigua and Barbuda’s Prime Minister and Finance Minister Gaston Browne.
Effective February 1, 2026, Antoine will continue steering the monetary authority through complex global economic landscapes characterized by evolving geopolitical tensions and persistent structural challenges. The Council emphasized in its post-meeting communiqué that maintaining stable leadership is crucial for implementing coordinated policy measures essential for regional stability, sustainable growth, and economic resilience.
Under Antoine’s governance since 2016, the Eastern Caribbean Currency Union has maintained remarkable monetary stability. The Council highlighted the strength of the EC dollar, supported by a 99.5% backing ratio—significantly exceeding the statutory minimum requirement of 60%. Foreign reserves currently stand at EC$5.83 billion, providing substantial buffer against economic shocks.
Antoine’s renewed mandate coincides with the ECCU’s accelerated implementation of its comprehensive regional development blueprint, ‘The Big Push for Shared Prosperity and Resilience.’ This strategic initiative focuses on enhancing productivity, diversifying economic activities, and strengthening financial and climate resilience across member territories.
The ECCB serves as the central monetary institution for eight member economies: Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.