{"id":33423,"date":"2019-05-22T18:35:41","date_gmt":"2019-05-22T22:35:41","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=33423"},"modified":"2019-05-22T18:35:41","modified_gmt":"2019-05-22T22:35:41","slug":"caribbean-countries-participate-in-digital-economy-conference","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/caribbean-countries-participate-in-digital-economy-conference\/","title":{"rendered":"Caribbean countries participate in digital economy conference"},"content":{"rendered":"
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Several Caribbean countries will participate in a two-day conference on the digital economy in the Eastern Caribbean that gets underway in the United States on Thursday.<\/p>

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The \u201cDigital Economy, Moonshot for the Eastern Caribbean,\u201d conference is being organised by the World Bank, and will bring together policy makers and technical teams from Antigua and Barbuda, Dominica, Grenada, St. Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines.<\/p>\n

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It will also be attended by representatives of the World Bank, the Eastern Caribbean Central Bank (ECCB), the Eastern Caribbean Telecommunications Authority (ECTEL), the OECS Commission as well as international companies.<\/p>

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The organisers said that the conference will discuss various aspects of the digital economy, as well as seek to advance the services within the digital economy throughout the Eastern Caribbean by building on the experiences and needs of the countries.<\/p>

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\u201cThis consultative process will help to inform an action plan for a regional project to be supported by the World Bank.,\u201d they said.<\/p>\n

In March, the ECCB, which serves as the central bank for the countries in the sub-regional Organisation of Eastern Caribbean States (OECS), signed a contract with the Barbados-based fintech company, Bitt Inc. (Bitt) to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU).<\/p>

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It said that the pilot project is the first of its kind and will involve a securely minted and issued digital version of the EC dollar.<\/p>\n

\u201cThe pilot is part of the ECCB\u2019s Strategic Plan 2017-2021 which aims to help reduce cash usage within the ECCU by 50 per cent, promote greater financial sector stability, and expedite the growth and development of our member countries. It would be a game-changer for the way we do business,\u201d the ECCB added.<\/p>

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The multi-national consulting firm, Deloitte, defines the digital economy as \u201cthe economic activity that results from billions of everyday online connections among people, businesses, devices, data, and processes<\/p>

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\u201cThe backbone of the digital economy is hyper connectivity which means growing interconnectedness of people, organisations, and machines that results from the Internet, mobile technology and the internet of things,\u201d it added.<\/p>\n

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Several Caribbean countries will participate in a two-day conference on the digital economy in the Eastern Caribbean that gets underway in the United States on Thursday. The \u201cDigital Economy, Moonshot for the Eastern Caribbean,\u201d conference is being organised by the World Bank, and will bring together policy makers and technical teams from Antigua and Barbuda, […]<\/p>\n","protected":false},"author":3,"featured_media":10900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nCaribbean countries participate in digital economy conference - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/caribbean-countries-participate-in-digital-economy-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caribbean countries participate in digital economy conference\" \/>\n<meta property=\"og:description\" content=\"Several Caribbean countries will participate in a two-day conference on the digital economy in the Eastern Caribbean that gets underway in the United States on Thursday. 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