Jamaica's Minister of Finance and the Public Service Dr. Nigel Clarke.

Jamaica’s Finance and the Public Service Minister, Dr. Nigel Clarke, has been elected by acclamation to chair the boards of governors of the Inter-American Development Bank (IDB) and Inter-American Investment Corporation (IIC) for the period 2022-2023. The election was held during the IDB Group’s semi-virtual Boards of Governors Annual Meeting on Monday.

Clarke’s nomination was moved by Paraguay’s Finance Minister and IDB Country Governor, Oscar Llamosas, and seconded by Canada’s Temporary Alternate Governor, Andrew Horst. Clarke is to succeed Colombia’s Finance Minister and IDB Country Governor, José Manuel Restrepo, who served for the 2021-2022 administrative year. Llamosas said Clarke was elected based on “great leadership and ability to bolster finances in his country”.

He added, “We are sure that his vision, his commitment [and] his leadership will guide us in this process to renew and strengthen the IDB Group as the needs of our countries and region currently demand.” Governor Horst, in endorsing the nomination, thanked Restrepo “for your work over the past year in steering us”.