ECCB aims to transform savers into investors

The Eastern Caribbean Central Bank (ECCB), has made a commitment to transform savers into investors while working towards doubling the GDP of its Member States in 10 years. This intention was made known at the launch of the Financial Literacy Month Festival on September, 30, with a regional media event that brought together banking partners, students, educators, government representatives, and media practitioners from across the Eastern Caribbean Currency Union (ECCU).

Making opening remarks at the launch of Financial Information Month (FIM), Deputy Governor of the ECCB Dr. Valda F. Henry said that the FIM Festival remains an enduring expression of the ECCB’s commitment to empowering families, young people, entrepreneurs and communities.

“Through this transformative initiative, citizens and residents across the ECCB have strengthened their financial knowledge and gained confidence to make informed choices for a stronger, more secure future.”

Dr. Henry said that in partnership with the Monetary Council and the Bank’s leadership, the ECCB is committed to ensure that they double the GDP of member states within 10 years.

“But also, and more importantly, to double the wealth of our citizens within that 10 year bracket; and so that’s a lot, it’s a very ambitious campaign, but in fact, it can be done.

Dr Henry added that the FIM festival is so critical because it converts savers into investors, which will then lead to the strengthening of the financial resilience of the ECCB’s citizens.

“And financial resilience is very critical. It’s not just about bouncing back in place, but bouncing forward.”

Continuing, she said that ECCB citizens are faced with many natural disasters and other challenges that can compromise financial safety.

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