Leon and not Antoine tipped to replace Dwight Venner

Another St. Lucian economist, Jene Leon is tipped to replace Sir Dwight Venner as Governor of the Eastern Caribbean Central Bank (ECCB).

Well-placed sources told THE NEW TODAY newspaper that a search committee that was appointed to look for Venner’s replacement has agreed to recommend Leon for the post.

A source who asked not to be named said that the committee’s choice will be sent to the ECCB Board of Governors who will have to make the final decision.

The Board of Governor of the ECCB are comprised mainly of the Ministers of Finance in the member territories.

There were reports in some quarters of the country that Permanent Secretary in the Ministry of Finance, Timothy Antoine was interested in the top ECCB job.

When THE NEW TODAY contacted Antoine about a month ago, he was rather guarded on whether he had been interviewed by the Search Committee for Venner’s post.

He said it was not something that he would like to comment on but preferred to leave the “Search Committee” to do its work.

This newspaper was told that Grenada’s Prime Minister and Minister of Finance, Dr. Keith Mitchell had indicated that he would not prevent Antoine from moving out of the civil service to look for other job opportunities.

Antoine is currently the key figure in the Ministry of Finance that is supervising the island’s Structural Adjustment Programme (SAP) which is being closely monitored by the Washington-based International Monetary Fund (IMF).

St. Lucian Leon is a Senior Economist at the IMF, as well as a former Director of Research at the Barbados Central Bank and also a former Professor at City University in New York.

Sir Dwight is bowing out after over 30 years of service as head of ECCB.

His replacement should have been selected to take up the post in November.

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