PNP concerned about Jamaica's economic future after Clarke leaves for IMF job

The Opposition People's National Party (PNP) says Dr Nigel Clarke's appointment as Deputy Managing Director of the International Monetary Fund (IMF) raises significant concerns about the future of Jamaica's economic management and leadership.

In a media release on Monday in which the party congratulated Clarke, it noted that his departure comes at a critical juncture for Jamaica.

It said the country is facing "serious economic challenges, including the spiralling cost of living and the negative growth impact of the recent hurricane." 

"The timing of Dr Clarke's departure also brings into question the government's ability and commitment to addressing the ongoing economic burdens facing the Jamaican people. We are constrained to ask whether his move, at this time, signals the abandonment of a sinking ship, leaving the Jamaican population to grapple with these unresolved issues," the PNP said.

The Opposition party said the Government should immediately provide clarity on the transition plan for the Ministry of Finance, how it intends to manage the current economic pressures, and what strategies will be employed to mitigate the impact on the most vulnerable. 

Clarke is set to assume his new role in October.

Prime Minister Andrew Holness says he has already identified a new finance minister, but he has not yet named the person.

Follow The Gleaner on X and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com.