As the Caribbean Region continues to strive to maintain economic stability, The Eastern Caribbean Central Bank is partnering with The World Bank to implement a New Insurance and Pension Bill for St. Kitts and Nevis and the entire Eastern Caribbean Currency Union (ECCU).
This new Bill will provide greater financial protection; and more choice of insurers and insurance and pension products for people of the ECCU.
World Bank Consultant assigned to this project, Michael Hafeman, speaking on the January 22nd edition of ECCB connects, explained what the bill entails.
He noted that this bill will also be geared towards one aspect of one financial institution here in the region.
Mr. Hafeman further outlined why the bill is being reformed at this time.