ECCB MONETARY COUNCIL FLAGS FLAWS, BIDDING PROCESS, WASTE & LACK OF TRANSPARENCY IN GOVERNOR’S EC$22 MILLION PALACE PROJECT

ECCB MONETARY COUNCIL FLAGS FLAWS, BIDDING PROCESS, WASTE & LACK OF TRANSPARENCY IN GOVERNOR’S EC$22 MILLION PALACE PROJECT

BASSETERRE, ST. KITTS — In a scandal that sent shockwaves through the Eastern Caribbean IN EARLY 2025, the Monetary Council of the Eastern Caribbean Central Bank (ECCB) has raised serious red flags about the construction of the multi-million-dollar mansion for the bank’s Governor—citing glaring flaws in the bidding process, a lack of transparency, and excessive, eyebrow-raising spending. At its 111th meeting, the Monetary Council—chaired by Anti…

Browne says ECCB must improve transparency in spending decisions

The Eastern Caribbean Central Bank Monetary Council has agreed to governance reforms, in the wake of the controversy over the spending on the Central Bank Governor’s official residence in St Kitts. Prime Minister Gaston Browne, who is the new chairman of the ECCB Monetary Council, says the bill of quantity for the residence was flawed, […]