BASSETERRE, St. Kitts, April 11, 2017 (Press Unit in the Office of the Prime Minister) – St. Kitts and Nevis’ Prime Minister, Dr. the Honourable Timothy Harris, is currently in St. Vincent and the Grenadines where he is expected to participate in two high level regional meetings.
The Prime Minister’s first engagement is a Consultative and Legislative Drafting Workshop that will address proposed amendments to the Banking Act 2015.
The workshop, hosted by the Eastern Caribbean Central Bank (ECCB), is being held today (April 11) at Beachcombers Hotel in Kingstown.
Dr. Harris serves as a member of the Ministerial Subcommittee on Banking.
Chaired by Prime Minister of St. Vincent and the Grenadines, Dr. the Honourable Ralph Gonsalves, the Consultative and Legislative Drafting Workshop 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 region’s financial system.
On Wednesday (April 12), Prime Minister Harris will chair the continuation of the 64th Meeting of the Organisation of Eastern Caribbean States (OECS) Authority.
The Heads of Government will join the Director General of the OECS, Dr. Didacus Jules and OECS Commissioners to conclude discussions on health insurance; strategic options for diplomatic representation; greater participation of non-independent Member States; agriculture and support services; the Blue Economy; and climate change and sustainable land management.
Discussions on those important issues initially began in St. Kitts and Nevis when the Authority met at the St. Kitts Marriott Resort on Friday, March 03, 2017.