Derick Milton Latibeaudiere

Honourable Derick Milton Latibeaudiere
Personal details
Born	9 June 1951 (1951-06-09) (age 60) Jamaica
Nationality	Jamaica
Alma mater	University of the West Indies, Jamaica College

Hon. Derick Milton Latibeaudiere, OJ was Governor of Jamaica's central bank, the Bank of Jamaica (BOJ) who took office as Governor of the bank on the 1st April 1996 and is the first member of the Bank' s staff to have been appointed to this position. Mr. Latibeaudiere also serves as Chairman of the Board of Governors of the Bank of Jamaica and is Jamaica's Alternate Governor to the International Monetary Fund (IMF). He resigned as governor on October 30, 2009.^[1]

1 Personal Loan Scandal
2 Involvement outside the Bank of Jamaica
3 References
4 External links
5 See also

Personal Loan Scandal

In August 2008 information surfaced that Governor Latibeaudiere borrowed 51 million Jamaican dollars from the central bank to construct a house and furnish and landscape the grounds. The scandal began when it was brought to light that there was no evidence that the loan had been properly collaterised. ^[2] The event has angered many Jamaicans who have grown tired of officials spending tax payers money to acquire personal assets.

Involvement outside the Bank of Jamaica

Mr. Latibeaudiere also serves as Chairman of the Board of Directors of the Sugar Company of Jamaica (SCJ)^[3] and its subsidiary companies. He is a member of the Board of the Jamaica Deposit Insurance Corporation (JDIC) and was appointed Special Advisor on Racing to Jamaica's Minister of Finance and Planning. Mr. Latibeaudiere also served as Director of the country's national airline, Air Jamaica.

References

^ "Cabinet to discuss Latibeaudiere’s resignation". RadioJamaica.com. 2 November 2009. http://www.radiojamaica.com/content/view/22737/26/. Retrieved 2009-11-07.
^ http://www.jamaica-gleaner.com/gleaner/20090531/news/news4.html
^ "Sugar company makes operating profit But still carries spectre of $7.2b deficit". Jamaica Observer. Sunday, August 28, 2005. http://www.jamaicaobserver.com/news/html/20050827T230000-0500_87067_OBS_SUGAR_COMPANY_MAKES_OPERATING_PROFIT_.asp. Retrieved 2009-11-08.

External links

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Oceania	Reserve Bank of Australia · Reserve Bank of Fiji · Reserve Bank of New Zealand · Bank of Papua New Guinea · Central Bank of Samoa · Central Bank of Solomon Islands · National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement · Contractionary monetary policy · Expansionary monetary policy

Implementation	Capital control · Discount rate · Interest rates · Money creation · Open market operations · Sovereign wealth fund

Bretton Woods system

International Monetary Fund · World Bank Group (International Bank for Reconstruction and Development · International Centre for Settlement of Investment Disputes · International Development Association · International Finance Corporation · Multilateral Investment Guarantee Agency)

Lists

List of central banks · Central banks and currencies of Africa · Central banks and currencies of the Caribbean · Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Persondata
Name	Latibeaudiere, Derick
Alternative names
Short description
Date of birth	9 June 1951
Place of birth	Jamaica
Date of death
Place of death

Derick Milton Latibeaudiere

Contents

Personal Loan Scandal

Involvement outside the Bank of Jamaica

References

External links

See also