Jamaica’s Finance Minister Dr. Nigel Clarke has introduced that he’ll resign as Member of Parliament for St. Andrew North Western at midnight Tuesday, concluding his time because the nation’s finance minister. He shared this information throughout a farewell handle at a Jamaica Labour Get together (JLP) rally in his constituency.
“…I depart the taking part in discipline efficient midnight tomorrow evening…,” he mentioned earlier than thanking Prime Minister Andrew Holness for appointing him to the highest put up.
The government announced in August that Dr. Nigel Clarke will be leaving his place to imagine considered one of 4 deputy managing director roles on the International Monetary Fund (IMF) on October 31.
Prime Minister Andrew Holness confirmed that Clarke’s successors as each Member of Parliament and finance minister have been recognized. Duane Smith, a neighborhood councilor, has been chosen to switch Clarke because the Jamaica Labour Get together’s consultant for the St. Andrew North Western constituency.
Clarke’s foray in politics started in 2016 the place he was appointed by Prime Minister Andrew Holness, to function Jamaica’s Ambassador-at-Giant for Financial Affairs throughout the Workplace of the Prime Minister. Clarke beforehand served as a Senator within the Higher Home of the Jamaican parliament between 2013 and 2015. He then went on to function Member of Parliament for the North West St. Andrew constituency, after successful the by-election to that seat held on 5 March 2018. Shortly afterwards he was appointed the Minister of Finance of Jamaica.
– Commercial –
Clarke’s tenure as finance minister centered on sustaining macroeconomic stability and navigating the economic system via crises. Beneath his tenure, Jamaica’s debt to GDP ratio declined kind 110 per cent in 2020 to 72 per cent in 2023.
In the meantime, Holness praised Clark for his distinctive service “Nigel supplied a essential talent within the administration of the technical space of change. I don’t assume that there’s anybody in Jamaica who may query the technical competence of Nigel Clarke in managing the financial affairs and remodeling Jamaica’s financial prospects,” he mentioned.
Holness mentioned he thought of that it’s a “distinct honour” to have a JLP member, Clarke, wanted for a global place.
