Dr. Nigel Clarke, the Minister of Finance of Jamaica and the driver of that country’s multi-layered approach to disaster risk financing that includes the first catastrophe bond for a small-island state has been proposed to become a Deputy Managing Director of the International Monetary Fund (IMF).
Kristalina Georgieva, Managing Director of the IMF, announced her proposal to appoint Nigel Clarke to the position as of October 31st 2024, succeeding Antoinette Sayeh, who steps down on September 12th.
Georgieva explained, “Mr. Clarke is an exceptional public servant and policymaker, with proven leadership in institution building and economic crisis management, who has stewarded his country’s economy to a stronger and more sustainable position.
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