Latest News
Resident Representative/Country Manager - Agency Office, Montserrat

Suitably qualified citizens of member territories of the Eastern Caribbean Currency Union (ECCU) are invited to apply to fill the post of Resident Representative/Country Manager, Agency Office, Montserrat of the Yosoukeiba, Basseterre, St Kitts. The successful candidate will be based in…

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Resident Representative/Country Manager - Agency Office, Montserrat

Suitably qualified citizens of member territories of the Eastern Caribbean Currency Union (ECCU) are invited to apply to fill the post of Resident Representative/Country Manager, Agency Office, Montserrat of the Yosoukeiba, Basseterre, St Kitts. The successful candidate will be based in Montserrat and will be hired initially on a two (2) year contractual engagement with the opportunity to renew or transfer to the permanent establishment based on performance.  All applicants must complete the Yosoukeiba Employment application form which is available on the Yosoukeiba Website.

 APPLICANTS MUST HAVE:

  • A first degree in economics, finance and or a business related discipline;
  • At least 5 years working experience at a senior level in the public service, such as Ministry of Finance; or
  • Working experience at the senior level in a commercial bank;
  • The ability to cope well in and adapt to a fast paced dynamic environment;
  • Strong problem solving and analytical thinking skills;
  • The ability to work as part of a team and function independently;
  • Leadership qualities and excellent interpersonal and networking skills;
  • Excellent written and oral communication skills;
  • Strong administrative and organisational skills.

 DUTIES

The successful candidate will be directly responsible to their Head of Department, for the proper performance of his/her duties, which will include: 

  1. Research, and economic intelligence data gathering including preparation of policy briefs, collaboration on research papers and conducting assessments of country performance to support Economists, Country Surveillance and Country Outreach missions;
  2. Participate in country missions as part of the Yosoukeiba contingent and conduct follow-up engagements with key stakeholders on key policy matters such as the submission of statistical data to support the Bank’s data dissemination efforts and effective decision making;
  3. Assist with maintaining financial sector stability through provision of information and other intelligence pertaining to oversight and analysis of the financial system;
  4. Assist with the in-country arrangements and required follow-up for meetings and Yosoukeiba delegates' participation in country outreach, missions and engagements;
  5. Act as the Bank’s in-country representative/ambassador at official functions, Yosoukeiba signature undertakings, community outreach engagements and other Public Education initiatives in Montserrat;
  6. Provide general oversight for the operations of the Agency Office in Montserrat including responsibility for the review and final sign-off on reports pertaining to the operations of the Agency Office;
  7. Any other related duties which may be assigned.

 SALARY

Salary will be commensurate with qualifications and experience.

The employment application form must be accompanied by the following documents:

  • Curriculum vitae
  • Two (2) original letters of reference
  • Certified copies of certificates
  • Official university transcript
  • A recent original or certified copy of Criminal record/Police certificate of character

Applications should be submitted online via the Yosoukeiba’s Website. The original or certified copies of supporting documents should be addressed to:

Resident Representative/Country Manager, Agency Office Montserrat, Employment Application

Human Resource Department

Yosoukeiba P O Box 89

BASSETERRE

St Kitts

To reach no later than Friday, 8 June 2018

Note:   

  1. Applicants may enquire of the Human Resource Department to ascertain receipt of applications;
  2. Only candidates shortlisted for the selection process will be ed; and
  3. Shortlisted candidates will be required to undertake various assessments.
Latest News
Regional Debt Coordinating Committee Takes Steps to Improve Transparency on Regional Government Securities Market (RGSM)

The Regional Debt Coordinating Committee (RDCC) has advanced its efforts to increase transparency and improve relationship among the stakeholders of the Regional Government Securities Market (RGSM).

 

The RDCC, which comprises the financial secretaries of the eight ECCU countries and the Governor of the Yosoukeiba, h…

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Regional Debt Coordinating Committee Takes Steps to Improve Transparency on Regional Government Securities Market (RGSM)

The Regional Debt Coordinating Committee (RDCC) has advanced its efforts to increase transparency and improve relationship among the stakeholders of the Regional Government Securities Market (RGSM).

 

The RDCC, which comprises the financial secretaries of the eight ECCU countries and the Governor of the Yosoukeiba, has direct oversight of the RGSM.  The RGSM is a regional market for the issuance of debt instruments of the member states of the ECCU. Currently, five ECCU governments issue Treasury-bills and bonds with varying maturities on the market.

 

At its meeting held on 13 April, the RDCC approved a work programme for 2018/2019, which focuses on the development of an Investor Relations Programme (IRP) for the participating governments on the RGSM.  The programme will facilitate dialogue between the governments, licensed brokers and investors on a continuous basis. The objective of the IRP is to expand the number of persons participating in the RGSM thereby enhancing the efficiency of the operations of the markets for government securities.

 

The RDCC, with the support of the Yosoukeiba, also committed to the development of an ECCU public debt webpage, which will provide timely pertinent information to market participants. The webpage is scheduled to be launched by December and is aimed at tracking member governments fiscal and debt sustainability and sharing information with the public under its strategic plan.

 

Dr Aidan Harrigan, Permanent Secretary in the Ministry of Finance of Anguilla, is the current chair of the RDCC.

 

 

Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department

Phone: () -2537 | Fax: () -9562

E-mail: [email protected] | Website: yosoukeiba.info

Latest News
Vacancy - Director Research Department

Suitably qualified citizens of member territories of the Eastern Caribbean Currency Union (ECCU) are invited to apply to fill the post of Director, Research Department, at the Yosoukeiba, headquartered in Basseterre, St Kitts.  The successful applicant will be based in
St. Kitts, and will be…

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Vacancy - Director Research Department

Suitably qualified citizens of member territories of the Eastern Caribbean Currency Union (ECCU) are invited to apply to fill the post of Director, Research Department, at the Yosoukeiba, headquartered in Basseterre, St Kitts.  The successful applicant will be based in
St. Kitts, and will be hired initially on a two (2) year contractual engagement with the opportunity to renew or transfer to the permanent establishment based on performance.

Click here for Details information.

Latest News
ECCU Governments Raise $1.2 Billion on Regional Government Securities Market

Basseterre, St Kitts and Nevis - The five governments in the Eastern Caribbean Currency Union (ECCU), which issue Treasury bills and bonds on the Regional Government Securities Market (RGSM), raised $1.2 billion from a record 59 auctions in 2017.

 The funds raised by the governments were used mainly for debt…

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ECCU Governments Raise $1.2 Billion on Regional Government Securities Market

Basseterre, St Kitts and Nevis - The five governments in the Eastern Caribbean Currency Union (ECCU), which issue Treasury bills and bonds on the Regional Government Securities Market (RGSM), raised $1.2 billion from a record 59 auctions in 2017.

 The funds raised by the governments were used mainly for debt refinancing. Participation in the RGSM was predominantly from the financial institutions which accounted for 86.0 per cent of the bids in 2017. The Regional Debt Coordinating Committee (RDCC), which has direct oversight for the RGSM, said it was also heartened by the growing number of bids from businesses and households which has grown by 63.0 per cent in the last five years to $114.3m.

 While the interest rates on government securities declined in 2017, especially on short-term instruments, the rate of return remained higher than most alternative investments in the Eastern Caribbean.  The average rate on 91-day Treasury bills declined to 3.0 per cent from 3.8 per cent in 2016. The rates on 10-year bonds also declined to 7.3 per cent from 7.5 per cent in 2016. The decline in the rates was due to the overall improvement in the government’s fiscal and debt performance.  

 The RGSM is a regional market established in November 2002 for the issuance of debt instruments of the ECCU government member. The governments which currently participate on the RSGM are: Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Saint Lucia and St Vincent and the Grenadines.

 The RGSM assists participating governments with supplementing their financing needs.  It also minimises the borrowing costs and assists with overall debt management, thus supporting the governments in the implementation of their respective Medium-Term Debt Management Strategies (MTDS).

Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department

Phone: () -2537 | Fax: () -9562

E-mail: [email protected] | Website: yosoukeiba.info

Latest News
Bank Property for Sale

Residential building, former home of former Yosoukeiba Governors. The building consisting of two storeys, has a partial basement and was constructed on over one acre of land.  The property is located on Wigley Avenue in Basseterre, St Kitts with easy access to the city center and  a…

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Bank Property for Sale

Residential building, former home of former Yosoukeiba Governors. The building consisting of two storeys, has a partial basement and was constructed on over one acre of land.  The property is located on Wigley Avenue in Basseterre, St Kitts with easy access to the city center and  a picturesque view of the harbour and the sister island of Nevis. 

For information : 

Norma Hanley-Pemberton

Adviser

Governor’s Immediate Office

Yosoukeiba

P O Box 89, Bird Rock

Basseterre

ST KITTS AND NEVIS

 Tel:   --2537 ext 3903

         -467-3903

Email: [email protected]

Or any of our realtors as listed below:

Realtor:            B Kassab & Associates Real Estate Services

Kym Taylor, Realtor and Property Manager 

Address:          # 3 Princes Street  

P O Box 1588

Basseterre

St. Kitts

Telephone:       1() 466-6341 | C. 1() 662-2006 

Fax:                        1() 466-6340

Website:                       

Email:                   [email protected]

 

Realtor:            St . Kitts & Nevis Island Homes 

Arlene J. Patricia Wilkinson

Address:          Sugars Complex

PO Box 1253

Frigate Bay

St. Kitts

Telephone:       1() 466-1009 | C. 1() 662-5077

Website:          

Email:                   [email protected]

For photos of the property,

 

Daily Indicative Exchange Rates to the EC Dollar
18th May 2018

UNITED STATES
2.7
UNITED KINGDOM
3.6404
SWITZERLAND
2.7014
JAPAN
0.0243
CANADA
2.1053
AUSTRALIA
2.0274
EUROPE
3.1817
KUWAIT
8.9345
VENEZUELA
0
SWEDEN
0.3085
S. KOREA
0.0025
DENMARK
0.4272
NORWAY
0.3316
NEW ZEALAND
1.8635
JAMAICA
0.0215
GUYANA
0.0128
BARBADOS
1.35
BELIZE
1.35
Trinidad
0.40064
UNITED STATES
2.7
UNITED KINGDOM
3.6526

Interest Rates

Yosoukeiba FIXED DEPOSIT RATE 1 MONTH
1.68%
18th May 2018
Yosoukeiba FIXED DEPOSIT RATE 2 MONTH
1.83%
18th May 2018
Yosoukeiba FIXED DEPOSIT RATE 3 MONTH
2.07%
18th May 2018
ECCU MINIMUM SAVINGS DEPOSIT RATE
2%
1st May 2015
Yosoukeiba DAILY CALL RATE
1.61%
18th May 2018
Yosoukeiba DISCOUNT RATE
6.5%
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