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Central Bank Taking Measures to Enhance OECS Businesses

The business leaders met to examine strategies and programs that could play an integral role in fostering the development and growth of Caribbean corporate entities, recognizing that it is the viability of the private sector that would lead to the eventual growth of OECS countries, most of whom are now struggling economically. 

Advisor in the Corporate relations Department of the ECCB, Mrs. Sybil Welsh, who was also one of the lead organizers of the event, explained that the focus of the meeting was tailored to share best practices, exchange ideas and form collaboration with a view to developing a regional framework to advance entrepreneurial development across the Eastern Caribbean Currency Union, ECCU.

Welsh also indicated that the consultation was arranged to identify key elements that should be incorporated into an ECCU Entrepreneurship Campaign.

Representatives were drawn from St. Kitts and Nevis, meeting at the Central Bank, while other delegates were able to participate via teleconferences from bases in Anguilla, Antigua & Barbuda, Dominica, Montserrat, St. Lucia, St. Vincent and Grenada. 

Facilitators were also made available from various OECS countries, presenting on a number of topics designed to assist the business representatives in the enhancement of their enterprises. 

It is the view of the Central Bank that greater efficiencies, synergy and increased outputs will be better achieved through awareness, communication and collaboration on a regional scale. 

It was also the position of organizers that though there are numerous entrepreneurship education and advocacy programs and activities being implemented at the public and private sector levels, in each territory, OECS business leaders must think regionally, if they are to make significant inroads in advancing business development.entreprenue3r

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