KINGSTOWN, St. Vincent, Apr 11, CMC – Leaders from the Organisation of Eastern Caribbean States (OECS) will meet here on Wednesday.
The meeting will be chaired by St. Kitts-Nevis Prime Minister Dr. Timothy Harris and the leaders from the sub-region are to conclude discussions on health insurance; strategic options for diplomatic representation; greater participation of non-independent member states in the grouping, such as Montserrat whose Premier Donaldson Romeo left the Island today enroute to the meeting.
The summit here is the continuation of the 64th Meeting of the OECS Authority that began on St. Kitts on March 3 and the leaders are expected to further discuss agriculture and support services; the so-called Blue Economy; climate change and sustainable land management.
Meanwhile, Harris will also attend a Consultative and Legislative Drafting Workshop that will address proposed amendments to the Banking Act 2015 in the sub-region.
The workshop, hosted by the Eastern Caribbean Central Bank (ECCB), seeks to forge agreement on the proposed amendments to the Banking Act 2015; conduct a technical review and finalize the drafting of the amendments; and develop a targeted approach to the efficient enactment of the amendments.
According to the ECCB, the Banking Act 2015, addresses the need for effective, risk focused supervision of financial institutions to ensure the safety and soundness of the sub-region’s financial system.
The OECS groups the islands of Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines, St. Kitts-Nevis, Montserrat, Anguilla and the British Virgin Islands.