Prime Minister Gaston Browne is again pressing ECAB on a delayed share conversion plan. The move targets Eastern Caribbean Amalgamated Bank preference shares. It aims to convert them into ordinary shares.

Accordingly, Browne said the change would allow wider local ownership. The government could then divest shares to Antiguans and Barbudans. As a result, more citizens could own equity in a major bank.

Moreover, Browne said the plan would create wealth-building opportunities. He stressed that citizens should benefit directly from national assets. Therefore, ownership must extend beyond a few shareholders.

During his remarks, Browne made a direct appeal to ECAB leadership. He addressed the bank’s directors and shareholders. He urged them to stop delaying the process.

“I want to make a plea to the directors and shareholders of ECAB,” Browne said. He added that resistance has frustrated a key government policy. That policy seeks to convert preference shares into ordinary shares.

Furthermore, Browne said the government intends to sell those shares locally. This would expand public participation in the economy. Consequently, more families could build long-term wealth.

Additionally, the prime minister noted that discussions have lasted for years. However, the plan has not advanced. He blamed continued resistance from the bank’s leadership.

Despite the delays, Browne said engagement will continue. He stressed the government remains committed to the goal. Therefore, talks with ECAB will not stop.

Importantly, Browne linked the issue to economic inclusion. He said broader ownership strengthens national development. It also reduces inequality over time.

In previous statements, Browne has emphasized local equity participation. He views it as central to economic empowerment. Likewise, he believes ownership creates stronger civic investment.

Moreover, he argued that major institutions should reflect national interests. Banks, he said, play a key role in economic growth. As such, citizens should share in their success.

Meanwhile, Browne reiterated that the government is not seeking conflict. Instead, he called for cooperation and progress. He said compromise would benefit everyone.

Ultimately, the prime minister said the policy remains a priority. He believes wider share ownership will boost confidence. It will also deepen public trust in financial institutions.

In conclusion, Browne made clear his position. The share conversion must move forward. He said Antiguans and Barbudans deserve a stake in ECAB’s future.

Join the Dadli News WhatsApp Group:  https://chat.whatsapp.com/L04JxtMbG39FLBbxYWlz9T

Join the Dadli News WhatsApp Group:  https://chat.whatsapp.com/L04JxtMbG39FLBbxYWlz9T