This decision follows a recommendation from the ECCB Board of Directors.

The grant aims to support the critical relief efforts in these Eastern Caribbean Currency Union (ECCU) countries after the devastating impact of Hurricane Beryl.

As the supervisor and regulator of the financial system in the ECCU, the ECCB expressed strong solidarity and empathy with the affected member countries. The ECCB remains committed to supporting them in every possible way, including providing guidance to its licensees (banks) on assisting affected customers.

“The pain being experienced by Grenada and St Vincent and the Grenadines is deep, and the situation is heart-wrenching. However, we are comforted in knowing that our resilience as a people is time-tested and strong. We also know that, with the help of our God and our collective hard work, we shall rebuild stronger,” said ECCB Governor Timothy N.J. Antoine.

On July 1, 2024, Hurricane Beryl, a Category 4 storm nearing Category 5 with sustained winds of 150 mph, wreaked havoc on Grenada, Carriacou, and Petite Martinique, as well as St Vincent and the Grenadines, including Union Island and Mayreau. The hurricane left a trail of death and destruction across these islands.