The Monetary Council of the Eastern Caribbean Central Bank (ECCB), has reaffirmed the strength of the EC dollar and outlined an ambitious regional reform agenda following its 112th meeting on February 13^th, 2026, at the headquarters in Basseterre, St. Kitts.

The council confirmed the reappointment of Governor, Timothy N.J. Antoine for another five-year term. Leaders stressed continuity amid “evolving global dynamics” and structural challenges.

The EC dollar’s backing ratio stands at 99.5%, well above the 60% statutory minimum, with foreign reserves totaling EC$5.83 billion. The council maintained key rates, including the 2% minimum savings rate.

In presenting the communique for the meeting, Prime Minister and Minister of Finance, the Hon. Dr. Terrance Drew spoke about projected growth:

The “Big Push” strategy is designed to close that gap through coordinated structural reform rather than short-term stimulus.