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ECCB Annual Report Details Growth, Banking Reforms and Financial Inclusion

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ECCB Annual Report Details Growth, Banking Reforms and Financial Inclusion

ECCB Annual Report Details Growth, Banking Reforms and Financial Inclusion

Post Credit: VON Radio

The Eastern Caribbean Central Bank (ECCB) has highlighted a year of economic resilience and strategic advancement across the Eastern Caribbean Currency Union (ECCU), despite global uncertainty, shifting trade policies, and geopolitical tensions.

 

In its 2025–2026 review, the ECCB reported estimated regional economic growth of 2.5 per cent, supported by tourism activity and infrastructure investment, while inflation eased toward the end of the year. The Eastern Caribbean dollar remained stable at EC$2.70 to US$1.00, with foreign reserves increasing to $6 billion and maintaining a strong backing ratio of approximately 97 per cent.

 

The Bank recorded a profit of $121.6 million and continued efforts to expand financial inclusion through initiatives such as the ECCU First Step Savings Account and improvements to regional credit infrastructure through EveryData ECCU.

 

Other milestones included progress on renewable energy financing, financial sector reforms, and the unveiling of the ECCB’s 2026-2031 Strategic Plan, The Big Push, which outlines the Bank’s vision for long-term economic growth and regional development.

 

The bank also hosted its inaugural Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF) Conference.

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