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New man at head of BoJ
by Daily Nation
Posted: Nov 2, 2009 10:55 UTC
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KINGSTON, Jamaica - Brian Wynter will be taking up the post of governor at the Bank of Jamaica (BoJ) on December 1.
By then, the government should know if the International Monetary Fund (IMF) has approved its request for a US$1.2 billion loan. Either way, Wynter has his work cut out for him going into another tough economic year.
He will be replacing Derick Latibeaudiere who quit the job with immediate effect last Friday. Since the change of government at the close of summer 2007, the rumours refused to die that the Bruce Golding administration would have loved to see the back of Latibeaudiere, even though he was considered good at the job he held for 13 years.
There was, as it emerged, conflict between the conduct of fiscal policy and monetary policy.
Latibeaudiere's departure came at the twilight of ultra-sensitive negotiations with the International Monetary Fund that were rumoured to be going off-track.
Wynter has been a senior executive at the Caribbean Regional Technical Assistance Centre (CARTAC) in Barbados since late 2007. CARTAC operates as a project of the United Nations Development Programme, with the International Monetary Fund serving as the executing agency.
Wynter's rotation there was to have lasted three years. He would just have been completing two years with the centre.
Prior to that job, he was executive director of the Financial Services Commission (FSC), the regulatory body he helped start in 2001. It will be Wynter's second stint with the BOJ. He was deputy director when he left the central bank in 2000.
The bespectacled Wynter made his mark at the FSC, which was formed in the wake of the so-called financial meltdown that took place in Jamaica during the 1990s. (Jamaica Gleaner)
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