Nigel Clarke

Deputy Managing Director

Mr. Clarke assumed the role of Deputy Managing Director at the IMF on October 31, 2024.

Before joining the IMF, Mr. Clarke served as Jamaica’s Minister of Finance and the Public Service, and a Member of Parliament, since March 2018. Prior to this, he served as Ambassador of Economic Affairs from 2016. During this period, he stewarded his country’s economy to a stronger and more sustainable position. He spearheaded ambitious national reforms, including central bank independence, creation of an independent fiscal commission, as well as other tax policy, public body governance, public procurement, public sector compensation, and public investment management reforms. He also led Jamaica’s economic policy response to the COVID-19 pandemic with innovative and well-targeted policy support and completed privatizations and public-private partnerships of major infrastructure assets. Under his stewardship, Jamaica implemented a multi-layered disaster risk financing model, and became the first small country to independently sponsor a catastrophe bond, with World Bank assistance. In 2023, Jamaica successfully completed its first ever international issue of a local currency denominated bond, and in 2024, Jamaica successfully executed its first ever securitization transaction in international capital markets.

In 2022, Mr. Clarke was elected Chairman of the Board of Governors of the Inter-American Development Bank and the Inter-American Investment Corporation. Prior to his public service career, he was Vice Chairman and Chief Financial Officer of the Musson Group, a regional conglomerate, having started his career as an Equity Derivatives Trader at Goldman Sachs in London.

Mr. Clarke holds a PhD in Numerical Analysis from Oxford University where he was a Rhodes Scholar, and a Master of Science Degree in Applied Statistics, also from Oxford, while he was a Commonwealth Scholar. He also holds a Bachelor of Science Degree in Mathematics and Computer Science from the University of the West Indies where he was a Jamaica Independence Scholar.

Last Updated: November 22, 2024