The Monetary Council of the Eastern Caribbean Central Bank has confirmed the reappointment of Timothy N.J. Antoine as governor for a further five-year term, effective Feb. 1, 2026.
The decision was taken during the Council’s 112th meeting held Friday at the ECCB Campus in St Kitts and Nevis, under the chairmanship of Antigua and Barbuda Prime Minister and Finance Minister Gaston Browne.
In a communiqué issued after the meeting, the Council said it underscored the importance of leadership continuity “at a time when the region must pursue bold and coordinated policy action to maintain stability and secure durable growth, diversification and resilience.”
Antoine, who has served as governor since 2016, will continue to lead the central bank amid what the Council described as evolving global dynamics, shifting geopolitical conditions and persistent structural challenges within the Eastern Caribbean Currency Union.
The Council reaffirmed that monetary and financial stability remain central to the region’s development strategy, noting that the EC dollar remains strong, with a backing ratio of 99.5%, well above the statutory minimum of 60%. Foreign reserves stand at EC$5.83 billion.
The reappointment comes as the ECCU advances its “Big Push for Shared Prosperity and Resilience,” a coordinated regional strategy aimed at boosting productivity, diversifying economic activity and strengthening financial and climate resilience.
The Eastern Caribbean Central Bank serves as the monetary authority for Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.
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When will an Antiguan be appointed as governor of our central bank? It’s not for want of talent, we have stalwarts like Dr. Cort and Kevin Silston and this country is always over looked when it comes to a privilege; the country is only considered when it’s about free movement of OECS and Caricom nationals into Antigua to deplete our resources. Antigua is probably the largest contributor of foreign currency to the ECCB but a governor can not from this country? It was the likes of Marshall and Harris that caused the stabilization of the EC dollar by pegging it to the US dollar, yet this country is never honored, only used… Antigua is a great country with a trailblazering history but often undermined and forgotten….maybe it’s time we get our own currency! Bahamas has done it, and with the best Antiguan minds we can do it!
His reappointment as governor was just a way of showing kindness, after all it would have been rather cruel to remove him after he built a lavish mansion costing tax payers way in excess of $22 million. Lord have mercy. THE POOR LITTLE MAN FEELING IT …ON DEM BACK.
That how we rewards unconscionable acts. Trump must be so proud of his minions
Remember the PM Gaston Browne who is reported to be Antoine‘s friend asked the public to withhold judgement until after the investigation.
What investigation? Investigations into malfeasance in the Caribbean is anatomical to our culture.
If there is one thing we can claim is cultural; it’s corruption.
Leadership continuity is important, especially in uncertain economic times. Under Timothy N.J. Antoine’s tenure, we’ve seen steady financial management across the region. Stability in the Eastern Caribbean Central Bank is critical for small island economies like ours.
Congratulations Antoine!! Wishing you wisdom and success in the new term
The Eastern Caribbean Currency Union depends heavily on steady leadership. In a volatile global economy, reappointing someone with experience may be the safest path forward
@Belle you sound like Trump, I guess Antigua is the only member country who has contributed to the bank in a meaningful way.
@paul you sound bad minded, so Antigua must always be overlooked for key appointments but it’s this country that is largely carrying the ECCB with our foreign currency deposits… @paul yes I will say it again and again, it’s time for an Antiguan to be appointed governor of our central bank!!!!
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