Barbados Prime Minister Welcomes Appointment of Jamaica’s Finance Minister as IMF Deputy Managing Director

Jamaica’s Finance Minister Dr. Nigel Clarke, IMF managing director, Kristalina Georgieva and Barbados Prime Minister Mia Mottley

Barbados Prime Minister Welcomes Appointment

Barbados Prime Minister Mia Mottley has welcomed the appointment of Jamaica’s Finance Minister, Dr. Nigel Clarke, as the new deputy managing director of the International Monetary Fund (IMF), saying that "this achievement marks a significant milestone…for the entire Caribbean region".

IMF Managing Director’s Statement

IMF managing director Kristalina Georgieva said Monday that Clarke’s appointment to the Washington-based financial institution represents "a tremendous addition to our skills and capabilities, strongly supported by staff at the IMF".

Clarke’s Expected Start Date

Georgieva said Clarke is expected to take up the position on October 31 and will succeed Antoinette Sayeh, who steps down on September 12.

Prime Minister’s Message

In a message posted on X, formally Twitter, Prime Minister Mottley said that the appointment "is a testament to the talent within our region, and it sets a powerful example for us all".

Clarke’s New Role

Georgieva said that Clarke would become "a member of the most senior leadership team" of the IMF, which consists of four deputy managing directors and herself, and that "his role is to help me lead the Fund and provide service to 190 members".

Historic Appointment

Prime Minister Andrew Holness described the appointment as an "historic and important development", noting that no citizen of Jamaica, the Caribbean, or Central America has ever served at this level in the IMF’s 80-year history.

About Dr. Nigel Clarke

Clarke holds a PhD in Numerical Analysis from Oxford University, where he was a Rhodes Scholar, and a Master of Science Degree in Applied Statistics, also from Oxford, while he was a Commonwealth Scholar. He also holds a Bachelor of Science Degree in Mathematics and Computer Science from the University of the West Indies, where he was a Jamaica Independence Scholar.

Conclusion

The appointment of Dr. Nigel Clarke as the new deputy managing director of the IMF is a significant milestone for the Caribbean region, marking a first for a citizen of Jamaica, the Caribbean, or Central America to serve at this level in the IMF’s 80-year history.

FAQs

Who is Dr. Nigel Clarke?
- Dr. Nigel Clarke is the Finance Minister of Jamaica and the new deputy managing director of the International Monetary Fund (IMF).
When does Dr. Clarke take up his new role?
- Dr. Clarke is expected to take up his new role on October 31.
What is Dr. Clarke’s role at the IMF?
- Dr. Clarke will become a member of the most senior leadership team of the IMF, helping to lead the Fund and provide service to 190 members.