JIS News

Bank of Jamaica (BOJ) Governor, Mr. Brian Wynter, is scheduled to host his first quarterly press briefing on Wednesday, February 10.
The interactive forum comes in the wake of Thursday’s (February 4) approval by the International Monetary Fund (IMF) of the US$1.27 billion (SDR 820.5 million) standby lending facility and the historic debt exchange programme.
The event also involves the formal presentation of the Monetary Policy Report for the October – December 2009 quarter, a quarter dominated by critical fiscal challenges, revenue shortfall and economic contraction in major sectors, with the exception of agriculture.
Mr. Wynter, who assumed office on November 23, 2009, is expected to emphasise the major elements of monetary policy going forward with respect to the quarterly targets of the Government’s Medium Term Economic Programme as well as the central bank’s role in the Jamaica Debt Exchange (JDX).
Since assuming office, the Governor has emphasised that under his watch, the bank will focus on its core functions – namely, price and exchange rate stability, which translates into the management of inflation and the maintenance of stability in the foreign exchange market.
It is widely acknowledged that Mr. Wynter is eminently qualified for the challenging task of crafting and implementing monetary policy during the ongoing financial crisis and its debilitating effects on the domestic economy. A graduate of the London School of Economics and Political Science, he also holds a Graduate Diploma in Law from City University, London and was called to the Bar of England and Wales in 1983 after completing the professional qualifying examinations at the Inns of Court School of Law, London. Mr. Wynter is also the holder of a Master’s Degree in International Economics from Columbia University School of International and Public Affairs, New York.
Before returning to Jamaica in 1988, Mr. Wynter worked with Chase Investment Bank and Schroder Wertheim International Company, both in New York. In Jamaica he worked with National Investment Bank of Jamaica (NIBJ) as Director of Investment, as well as with Mutual Security Merchant Bank as Senior General Manager and later to Citibank, North America, where he spent the next four years as Vice President.
Mr. Wynter also served as Deputy Governor of the Bank of Jamaica, with responsibility for Banking and Market Operations, from September 1995 until his appointment as Technical Advisor to the Minister of Finance in November 1999. Two years later he was appointed the first Executive Director of the then newly-established Financial Services Commission and served in that capacity until December 2007 when he left to join the Caribbean Regional Technical Assistance Centre (CARTAC) in Barbados as Capital Markets/Financial Sector Advisor.

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