Cham­ber of Com­merce recog­nises Sir Dwight as a Pan­theon among mod­ern Caribbean Econ­o­mists

The Star (St. Lucia) - - LOCAL -

The Saint Lu­cia Cham­ber of Com­merce, In­dus­try and Agri­cul­ture wishes to ex­press its pro­found sad­ness on learn­ing of the pass­ing of Sir K. Dwight Ven­ner, for­mer Gov­er­nor of the East­ern Caribbean Cen­tral Bank and a for­mer Di­rec­tor of Fi­nance in Saint Lu­cia.

Sir Dwight was a strong friend of the pri­vate sec­tor and, in his work in var­i­ous ca­pac­i­ties, demon­strated a pro­found un­der­stand­ing, not only of the role of the pri­vate sec­tor but, more im­por­tantly, of the chal­lenges faced by the sec­tor in the quest to ful­fill its role. He al­ways sought to find ways to elim­i­nate these bar­ri­ers and cre­ate new op­por­tu­ni­ties for the ad­vance­ment of busi­nesses.

Sir Dwight was a man strong in in­tel­lect, firm in con­vic­tion, de­ter­mined and re­lent­less in ef­fort, and en­er­getic and en­thu­si­as­tic in his de­sire to con­trib­ute to the growth and sus­tain­able de­vel­op­ment of the re­gion.

Sir Dwight led Saint Lu­cia’s eco­nomic re­cov­ery in the early eight­ies with aplomb and cre­ativ­ity, de­sign­ing and im­ple­ment­ing a home­grown struc­tural ad­just­ment pro­gramme which cat­a­pulted Saint Lu­cia to head of its class in terms of eco­nomic de­vel­op­ment and so­cial progress.

As Gov­er­nor of the East­ern Caribbean Cen­tral Bank Sir Dwight was stead­fast in his con­vic­tion of the value of the East­ern Caribbean Dol­lar and the need to main­tain the fixed ex­change rate sys­tem, while push­ing hard and ad­vis­ing the East­ern Caribbean Min­is­ters of Fi­nance to build the es­sen­tial pil­lars and in­sti­tu­tions for a suc­cess­ful Cur­rency Union. The ECCB had be­come a model of an ef­fec­tive multi-state cen­tral bank and this will surely be one of his many lega­cies left be­hind.

The Saint Lu­cia Cham­ber of Com­merce, In­dus­try and Agri­cul­ture recog­nises Sir Dwight as a pan­theon among mod­ern Caribbean Econ­o­mists. His in­tel­lect and vi­sion­ary ad­vice and stew­ard­ship will be sorely missed and the Cham­ber truly mourns his pass­ing.

We ex­tend heart­felt con­do­lences to his fam­ily, to his wife and chil­dren in par­tic­u­lar. We know that the staff of the East­ern Caribbean Cen­tral Bank will also be im­pacted by his sud­den demise. We wish them all God’s bless­ings and strength in this time of sor­row.

May he rest in peace.

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