BOJ au­ton­omy Bill com­mit­tee to meet week­ends

Daily Observer (Jamaica) - - NEWS - — Bal­ford Henry

PAR­LIA­MENT will be seek­ing sub­mis­sions from stake­hold­ers and other peo­ple in­ter­ested in the changes be­ing made to the Bank of Ja­maica (Amend­ment) Act, to re­lease the bank from Govern­ment con­trol, by De­cem­ber 21.

The joint select com­mit­tee, ap­pointed to re­view the changes, at its first meet­ing on Wed­nes­day at Gor­don House, estab­lished meet­ing dates for Novem­ber 24, and De­cem­ber eight and nine.

How­ever, Op­po­si­tion mem­bers ques­tioned whether it made sense ask­ing stake­hold­ers to turn up on the three week­end days — two Satur­days and a Sun­day — to make pre­sen­ta­tions, a sit­u­a­tion they sug­gested was un­usual.

Op­po­si­tion mem­ber Dr Wyke­ham Mcneill as­serted that while House com­mit­tees had week­end re­treats and meet­ings, they are usu­ally trig­gered by the ur­gency to meet a dead­line.

An­other Op­po­si­tion MP, Mark Gold­ing, the spokesman on fi­nance, ques­tioned if it made sense ask­ing that in­di­vid­u­als and in­sti­tu­tions turn up on Satur­days and Sun­days to make their pre­sen­ta­tions.

But Min­is­ter of Fi­nance and the Pub­lic Ser­vice Dr Nigel Clarke, who made the sug­ges­tion, noted that the in­ter­ested in­di­vid­u­als and in­sti­tu­tions would have two more weeks to sub­mit their con­tri­bu­tions, and noted that it was only a pro­posal from him which could be changed, if nec­es­sary.

It was also no­tice­able that the orig­i­nal nine-man joint select com­mit­tee has now been ex­panded to 11 mem­bers, with the ad­di­tion of se­na­tors Matthew Sa­muda (Govern­ment) and Damion Craw­ford (Op­po­si­tion), after the Se­nate sup­ported Op­po­si­tion mem­ber Lam­bert Brown’s po­si­tion that it was un­der-rep­re­sented with only three orig­i­nal mem­bers.

In re­sponse, the Govern­ment in­creased the mem­ber­ship and al­lowed the ad­di­tion of se­na­tors Sa­muda and Craw­ford.

The full mem­ber­ship of the com­mit­tee now in­cludes: Dr Clarke, chair­man; Jus­tice Min­is­ter Del­roy Chuck; min­is­ter with­out port­fo­lio in the Min­istry of Fi­nance and the Pub­lic Ser­vice, Fay­val Wil­liams; min­is­ter of state in the Min­istry of Ed­u­ca­tion, Youth and In­for­ma­tion, Floyd Green; Govern­ment MP Les­lie Fran­cis; and Op­po­si­tion MP Peter Bunting, from the House of Rep­re­sen­ta­tives; and, se­na­tors Kam­ina John­son Smith (min­is­ter of for­eign af­fairs and for­eign trade) and Ka­van Gayle (Govern­ment) and Brown, Sa­muda and Craw­ford.

The Bank of Ja­maica in down­town Kingston.

GOLD­ING... won­ders if it made sense ask­ing that in­di­vid­u­als and in­sti­tu­tions turn up on Satur­days and Sun­days

CLARKE... in­ter­ested in­di­vid­u­als and in­sti­tu­tions would have two more weeks to sub­mit their con­tri­bu­tions

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