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OECS Heads Pledge To Strengthen Regional Exchange

by Philip Morton, Investors Offshore.com

21 October 2002


The heads of government of the Organisation of Eastern Caribbean States (OECS) announced last week that they would be passing legislation designed to strengthen the sub-region's bourse, the Eastern Caribbean Securities Exchange (ECSE).

In a statement released last Thursday, the OECS announced that the government chiefs had decided at the Special Summit on the economy, held in St Kitts and Nevis earlier this month, that the stock exchange formed an important part of the reform and transformation process currently taking place in the Eastern Caribbean.

'Accordingly, the OECS governments have agreed to support the money and capital market programme by passing legislation and giving administrative, practical and moral support to the ECCB in facilitating the free movement of capital,' the statement revealed.

The ECSE, which was the first regional electronic exchange in the Western Hemisphere has just celebrated its first anniversary, according to the OECS.


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