Jamaica's Ministry of Finance and the Public Service announced the commencement of the search for a new Governor of the Bank of Jamaica, expected to succeed Governor Richard Byles when his term ends on 18 August 2026. The ministry positioned the process as being conducted in line with principles of transparency and good governance. The remit for the next Governor includes maintaining stability, modernising the financial system and accelerating digital payments into everyday economic activity, particularly for underserved Jamaicans, alongside ensuring the gains of sound monetary policy are reflected across the broader economy in jobs and investment. A search committee has been established comprising former International Monetary Fund Deputy Secretary Calvin McDonald, Ambassador and attorney Kathryn Phipps, University of South Florida international finance professor Delroy Hunter, and financial services executive Minna Israel. The committee will assist in identifying a shortlist of candidates for Cabinet consideration, with a submission to Cabinet intended to support a recommendation to the Governor General for appointment in accordance with the Bank of Jamaica Act.
Ministry of Finance & Public Service (Jamaica) 2026-04-27
Jamaica's Ministry of Finance and the Public Service begins search for next Bank of Jamaica Governor to succeed Richard Byles in August 2026
Jamaica’s Ministry of Finance and the Public Service has launched the search for a new Governor of the Bank of Jamaica to succeed Richard Byles when his term ends on 18 August 2026, highlighting a process grounded in transparency and good governance. The next Governor’s remit will focus on maintaining stability, modernising the financial system, accelerating digital payments, and ensuring monetary policy gains translate into jobs and investment, with a search committee to propose a shortlist of candidates for Cabinet appointment under the Bank of Jamaica Act.