Government of Montserrat
News / 26th July 2021 26th July 2021
The Ninety-Ninth Meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) was held on 23 July 2021, via videoconference, under the Chairmanship of the Honourable Joseph Easton Farrell, Premier and Minister for Finance of Montserrat.
The Monetary Council received the Governor’s Report on Monetary, Credit and Financial Conditions in the Eastern Caribbean Currency Union (ECCU) for the period January to June 2021.
1.0 Growth and Development
The Monetary Council was apprised of the following:
1. The prospects for the global economy remain highly uncertain due to the ongoing COVID-19 pandemic. The ECCU’s main trading partners, the USA, UK, and Canada, are expected to grow by 4 per cent, 5.3 per cent and 5.0 per cent, respectively for 2021.
Mr Museveni on June 4, 2020 highlighted crucial areas his government would focus on in building an independent economy, integrated and self-sustaining while, co-operating with other African.
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