The first leg of the programme took place yesterday (15th June) at the ECCB’s Maltin Moving Conference Centre in the form of a workshop. The event, dubbed the “Economic and Financial Workshop” was attended by 11 media practitioners from around the federation and had to main objectives:
- “Promoting a better understanding and appreciation of the operations of the Eastern Caribbean Central Bank (ECCB) and its role in the development of the Eastern Caribbean Currency Union (ECCU); and
- “Building a foundation of economic and financial knowledge upon which they can draw as they communicate these complex issues to their readers.”
The interactive session – during which a wealth of knowledge was offered, – focus was placed on four main areas: “Understanding Economic and Financial Terms”, “The ECCB – It’s Role, Functions and Operations”, “ECCU Foreign Reserved and Their Connection To the Stability of the EC Currency as Well as Economic and Financial Stability” and “Financial Stability and Regulation and Supervision in the ECCU”.
As part of the workshop each participant was placed into two groups and friendly competitions ensued. The exercises included a debate on whether or not a particularly currency should be devalued and the operational foreign reserve requirement be reduced.
Another of the competitions included a Financial Stability, Regulation and Supervision in the ECCU report (specially drafted for that event) and each group had to construct a story which gave an accurate analysis of the report that would be easily understood by readership.
The workshop was facilitated by: Hudson Carr, Advisor in the Bank Supervision Department; Kevin Woods, Economist in the Research Department; Shermalon Kirby, Corporate Relations Officer in the Corporate Relations Department; Sybil Welsh in the Corporate Relations Department; Chris Louard, Bank Examiner in the Bank Supervision Department and Youlouca Armony-Browne, Corporate Relations Officer in the Corporate Relations Department.
The participants were Spencer Hanley of ChoiceFM, Terresa McCall of MiyVue.com, Orita Bailey of Kittivisian Life, Jenise Ferlance of SKNVibes, Jacqueline Bryan of WINN FM, Desi Brown of KYSS FM, Gus Williams of SKNBC Radio One, Glen Bart, Mahlon Goma and Alecia Daniel-Blake of SKNIS, Jaedee Caines of the Nevis Information Service and Drizel Hanley of the Labour Spokesman.
At the end of the workshop, each media practitioner was presented with a certificate of participation.
The other prongs of the sensitisation programme, according to organisers, will take the form of similar workshops to be held over a period of time.