In support of his appointment, the IMF cited the work on an Extended Fund Facility and a precautionary Stand-By Arrangement that Clarke has been doing with the Fund since 2016. In June, the IMF also noted that a recent Precautionary Liquidity Line and Resilience and Sustainability Facility supported Jamaica’s “significant progress … with their ambitious agenda to make the economy more resilient to climate change.”

The IMF’s managing director also lauded Clarke’s “unique perspective” and Jamaica’s remarkable economic transformation, adding that the Minister has demonstrated “it is possible to build strong institutions, to have a remarkably resilient economy [and] to overcome challenges,” which would benefit “other countries with similar challenges”:

Source: Jamaica’s finance minister’s appointment as deputy managing director of the IMF, a first for the region, brings plaudits and some local concerns · Global Voices