Oct 23, 2017 Last Updated 3:30 PM, Oct 19, 2017

Economic Reform Programme

The Economic Reform Programme (ERP) is the Government of Jamaica's  strategic plan of action to generate sustained economic growth and long-term development of Jamaica. ...

Brown, George Arthur

financial-secretary-gearge-arthur-brownG. Arthur Brown was the first Jamaican to be appointed Governor of the Bank of Jamaica. Born in St. Elizabeth, Jamaica on 25 July 1922, Mr. Brown began his career in the Jamaican civil service in 1941when he joined the staff of the Income Tax Department. He remained there until 1947 when he was awarded the Issa Scholarship to the London School of Economics from which he graduated in 1950 with a B. Sc. in Economics.

On his return to Jamaica, Mr. Brown worked briefly with the Income Tax Department before being assigned to the Colonial Secretary's Office in 1951 where he stayed until 1953 when he was appointed Principal Assistant Secretary in the |Ministry of Finance.

In 1957, Mr. Brown became the first Jamaican head of the Central Planning Unit and was responsible for drafting Jamaica's first Five Year Development Plan. In 1962, he was appointed Financial Secretary and in 1967, Governor of the Bank of Jamaica.

Mr. Brown remained as Governor for ten years, before retiring in 1977. Following his retirement, he served briefly as Chairman of the International Bauxite Association before joining the United Nations Development Programme (UNDP) as Deputy Administrator in 1978. Between 1984 and 1989 he served as Associate Administrator, UNDP. He returned as Governor of the Bank of Jamaica in 1989 and served in this capacity until 1992.

During his first tenure as Governor, Mr. Brown served as Chairman of Bank of Jamaica; Air Jamaica Ltd.; Students' Loan Council; Sugar Manufacturing Corporation of Jamaica; Jamaica Export Credit Insurance corporation; Priory School and as a director of National Hotels and Properties; Urban Development Corporation; Capital Development Fund; Jamaica Stock Exchange Council; Kingston Waterfront Development Ltd. and Frome Moneymusk Land Corporation. He served as Jamaica's Alternate Governor to the International Monetary Fund; World Bank; Inter-American Development Bank and the Caribbean Development Bank.

Mr. Brown also lectured part-time on finance and banking at the University of the West Indies and at Columbia University in New York. During his second stint as Governor, Mr. Brown was also chairman of the University Council, Mona Campus.

He died on 02 March 1993.