Bank of Jamaica governor Derick Latibeaudiere has resigned suddenly after 13 years at the helm. While a new, or not so new, government has the right to choose its official representations it is bad timing for the BOJ governor to go during economic turmoils. Jamaica is now facing a crisis of too much debt burden and lack of sufficient foreign exchange. This has forced the government to do the unthinkable by running to the IMF. We  hope the resignation or firing of the governor does not do more harm to the already fragile economy.

Filed under: Finance

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