Euro Area Policies : 2020 Consultation on Common Euro Area Policies-Press Release; Staff Report; and Statement by the Executive Director for Member Countries marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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Castries – Governor of the Eastern Caribbean Central Bank (ECCB) Timothy Antoine says the currency in the subregion, remains “very strong” amid the economic fallout from the current COVID-19 pandemic.
In his Christmas message, Antoine pointed to the currency’s strength and highlighted it among “many achievements” for which the ECCB can be justifiably proud.
“Our EC dollar remains very strong. Its current backing in foreign reserves is 97 per cent,” Antoine said.
He also said the ECCB recorded its highest profit ever – $63.1 million. However, the ECCB Governor said the currency union is experiencing its largest shock, on record.
Three Banks Shine at Second Annual ECCU Bank of the Year Awards - St Lucia News From The Voice thevoiceslu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thevoiceslu.com Daily Mail and Mail on Sunday newspapers.
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IMF Executive Board Concludes 2020 Discussions on Common Euro Area Policies with Member Countries
Washington, DC: On December 18, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the 2020 discussions on common euro area policies with member countries. [1]
The COVID-19 pandemic has taken a significant human and economic toll. Euro area real GDP declined sharply in the first half of the year, though the unprecedented policy responses at the national and EU levels helped cushion the impact of the crisis-including by effectively limiting increases in unemployment and insolvencies-and supported a strong rebound in the third quarter. Going forward, the recent second wave and necessary measures to contain it are expected to weigh on economic activity in the near term. Unless pandemic dynamics change significantly in the coming months, economic activity is set to recover more gradually than forecast in the October 2020 World Economic Outlook. Inflat