The search has started for a successor to Governor of the Bank of Jamaica (BOJ) Richard Byles whose appointment is set to end on August 18.
In making the announcement in a media release on Monday, Finance Minister Fayval Williams said the search will take place in keeping with the principles of transparency and good governance.
Williams said the process will identify the best-suited candidate to lead the Bank of Jamaica in entrenching stability, modernising the financial system, including accelerating digital payments into everyday economic activity.
She also announced the search team comprising Calvin McDonald, a former Deputy Secretary of the International Monetary Fund (IMF); Ambassador Kathryn Phipps, attorney; Professor Delroy Hunter, the Serge Bonanni Professor of International Finance at the University of South Florida and a former Commonwealth Scholar; and accomplished financial services professional, Minna Israel.
Williams said the search committee will assist in identifying a shortlist of suitable candidates for the position from which a submission will be made to Cabinet concerning the individual to be recommended to the Governor General for appointment in accordance with the Bank of Jamaica Act.
Byles took over the reins of the BOJ in August 2019.
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