The sudden resignation of Bank of Jamaica (BOJ) Governor Derick Latibeaudiere last Friday has left many wondering what could have caused such a drastic move by the man who led the central bank for 13 years.

It was public knowledge that tensions between the governor and the finance ministry had been mounting over the past two years. It is believed that this was due mainly to the high interest-rate policy of the central bank, and differences over the approach to a renewed borrowing relationship with the International Monetary Fund (IMF).

The Sunday Gleaner understands further that the Government had been interviewing persons for the post of central bank governor months before Latibeaudiere decided to quit.

Questions are also emerging about the old issue of a loan granted to Latibeaudiere towards the purchase of a house, and expenses related to this deal.

A senior government official pointed The Sunday Gleaner to the recent resignation of a director of the BOJ's board, claiming that this holds the clue to the sudden resignation of the governor.

Impeccable sources say a heated discussion Thursday surrounding funds created further tensions among board members. Efforts to reach the former governor and other board members were unsuccessful.

Today, The Sunday Gleaner examines the anatomy of the governor's exit and its impact on the economy, and the negotiations with the IMF.