New Board to Drive SVG Co-operative League's Digital and Resilience Focus?
Key Points
- 1New board led by President Cecil Charles was announced following the SVG Co-operative League's 45th Annual General Meeting.
- 22026 priorities focus on sector modernization, advancing digital payments, and integrating with the regional payments system.
- 3The League will guide credit unions through the transition to the new ECCU credit reporting framework, a key regulatory change.
- 4Disaster preparedness and business continuity are central to the work program due to the region's exposure to climate-related events.
Following its successful 45th Annual General Meeting, the SVG Co-operative League announced its new Board of Directors. This new leadership team will guide the organization through the 2026 program year.
New Leadership and 2026 Vision
The Board is now led by Mr. Cecil Charles as President. Ms. Cecelia J. Williams will serve as Vice President. Ms. Lanel Black is the Secretary, and Mrs. Sabita Jacobs-Seymour is the Treasurer. The remaining Directors are Mrs. Wendy Bynoe, Mr. Timothy Scott, and Mr. Philmore Isaacs.
The League's priorities for 2026 place strong emphasis on modernization and operational readiness. This focus is crucial for the co-operative sector in St. Vincent and the Grenadines. The League aims to support a stable and sustainable sector.
Key Modernization Initiatives
A major goal is advancing digital payments capability within the sector. This will support credit unions' participation in the regional payments system. The League will also guide the transition to the new credit reporting framework.
This framework is part of a wider effort across the Eastern Caribbean Currency Union (ECCU). The Eastern Caribbean Central Bank (ECCB) is regulating this new system. It aims to improve access to finance and credit risk management. The SVG Co-operative League's role is key to ensuring local compliance.
Governance and Resilience
Governance, risk management, and regulatory compliance remain top priorities. Planned activities include targeted training and leadership development. These efforts are for Boards, management, and staff. The goal is to strengthen decision-making and enhance oversight. This ensures credit unions meet evolving regulatory requirements.
Climate Risk and Business Continuity
Recognizing the sector's exposure to climate-related events is important. Disaster preparedness and business continuity are key components of the 2026 work programme. The League will collaborate with affiliates and regional partners. This collaboration aims to strengthen resilience planning. It will also explore appropriate risk-financing solutions. This is vital for maintaining public confidence. The League remains committed to its members and communities throughout the nation, as seen in other global organizations like IATA and Airbus. Further updates on this and other regional financial news can be found on commercial aviation news.