Monday 10 August, 2020

Brian Wynter recognised as the top Caribbean central bank Governor

Global Markets, the newspaper of the International Monetary Fund (IMF)/World Bank Annual Meeting, has named Bank of Jamaica (BOJ) Governor Brian Wynter as the Central Bank Governor of the Year for the Caribbean.

The award was presented on October 8 at the IMF/World Bank Annual Meeting in Washington, DC.

Wynter was described by the newspaper’s editorial committee as having admirably led the BOJ during difficult times in the international financial markets. He was acknowledged as a “well-respected figure who has been stable and solid amid change of government”, and part of “…an important new story being written for Jamaica…”

The newspaper cited his co-chairing of the Economic Programme Oversight Committee (EPOC), which it said “…oversees the IMF programme that has been so crucial to rebuilding Jamaica’s standing in markets.”

Governor Wynter, in accepting the award, said the recognition was really an award for Jamaica and for the BOJ. He said the work on the economy is not over, and the country still has a long way to go. However, he said the recognition would serve as additional motivation going forward.

“…Indeed, without tremendous effort and granite discipline from Jamaica’s fiscal authorities, and without the wide and sustained consensus of the Jamaican society at large, I would not be receiving this award today, and so this award is theirs too,” outlined the BOJ Governor.

He said collective efforts created the space for the central bank to “carefully and resolutely” use monetary policy to support Jamaica’s economic reform agenda.On that score, he dedicated the award “to the capable and hard-working staff at Bank of Jamaica, who put in exemplary work in the last few years.”

Wynter was notably described by the newspaper as the “quietly spoken inflation killer”, and the governor indicated that the battle against inflation, and the success the BOJ has achieved in that regard, is the aspect of his job that he is proudest about.

It is the first time that the IMF/World Bank Annual Meeting award has been made specific to the Caribbean region, as previous nominees were grouped along with Latin America.

Notably also, Jamaica copped a second award at the event, as the country was recognised as the Best Government Infrastructure Strategy in the Caribbean, in reference to Jamaica’s ongoing efforts to diversify its energy sources.

State Minister for Finance, Fayval Williams, accepted the national award on behalf of the Government of Jamaica

 

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