Jamaica’s outgoing minister of finance Dr Nige Clarke will assume the deputy role of the IMF on October 31, 2024.
Jamaica’s Minister of Finance and the Public Service, Dr Nigel Clarke, is to leave the Government to take up the position of Deputy Managing Director of the International Monetary Fund (IMF).
Prime Minister Andrew Holness has indicated that a replacement has been chosen for Dr Clarke, who has served as finance minister since March 2018.
Here are 10 things to know about Dr Clarke who will assume the deputy role of the IMF on October 31, 2024.
Clarke served as chairman of the Inter-American Development Bank’s Board of Governor’s between 2022 and 2023. He has served as Ambassador of Economic Affairs where he represented Jamaica’s interests with multilateral institutions and as a Senator in the Upper House of the Jamaican Parliament between 2013 and 2015.Clarke served as Vice Chairman of the Musson Group where, over 15 years, he played an integral executive leadership role in the expansion of the group from a base in Jamaica to having subsidiaries in over 30 countries. He started his career as a derivatives trader in London at Goldman Sachs, the prestigious international investment bank. Clarke has also been an active social entrepreneur where he is the founding Chairman of the National Youth Orchestra of Jamaica, an NGO that operates music for social change programmes at eight centres in Kingston and Spanish Town.Clarke is a recipient of the PSOJ’s “50 Under 50 Business Leader Award” as well as the Kiwanis Community Service Award.He is a Rhode’s Scholar, who earned his master’s degree Applied Statistics in at the University of Oxford between 1993 and 1994, and PHD in Numerical Analysis between 1904 and 1997. He earned the Jamaica Independence (Open) Scholarship to the University of the West Indies, Mona to read for his bachelor’s degree in mathematics and computer science in 1982. He is a past student of Munro College in St Elizabeth and St Richards Primary in KingstonClarke is married with two sons and is an avid player of chessClarke was born in Kingston to Justice Neville Clarke, who served as Supreme Court judge in Jamaica for several decades and Mrs Mary Clarke, who served at the Planning Institute of Jamaica for almost 20 years.
