On July 22, 2022, Prime Minister Hon. Philip J. Pierre officially assumed the Chairmanship of the Eastern Caribbean Central Bank Monetary Council. Addressing fellow Members of the Monetary Council for the first time as Chair, Mr. Pierre prescribed actionable policy measures to respond to the immediate challenges confronting Member States.
Mr. Pierre has designed a strategic, people-focused agenda which will be implemented over the ensuing twelve  months of his Chairmanship. The policy agenda will focus on four areas:
1. Tackling Inflation
2. Resilient and Inclusive Growth
3. Financial Stability and Financial Inclusion
4. Payments Modernization and Digital Transformation
M. Pierre succeeds Premier of Montserrat and outgoing Chairman of the ECCB Monetary Council Hon. Joseph Easton Farrell.