Timothy Donaldson

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Timothy Baswell Donaldson CBE (January 2, 1934 – February 26, 2013) was a Bahamian politician, banker, economist, and diplomat. [1][2][3]

Donaldson earned a Bachelor of Arts from Fisk University, a master's degree in mathematics from the University of Minnesota, and a master's degree in public administration from Columbia University.[4] He also held a Diploma in Public Finance from the International Monetary Fund (IMF).[4] Donaldson received fellowships from the Fellow of the London Institute of Bankers, The Bahamas Institute of Bankers, and the Caribbean Institute of Financial Services.[4]

In 1962, Donaldson launched his career as the Assistant Secretary at the Ministry of Finance, while the Bahamas was still a British colonial possession. In 1972 he served as an economic adviser to the Bahamian government during the Independence Conference held in London.[1] The Bahamas was granted independence on July 10, 1973.

Donaldson became the first, founding Governor of the Central Bank of The Bahamas upon its establishment in 1974.[1] He remained the Governor of the Central Bank of The Bahamas until 1980.[4]

Donaldson was appointed as both the Bahamian Ambassador to the United States and the Permanent Representative to the Organization of American States (OAS) in Washington D.C. in 1992.[4][2] He simultaneously served as non-resident Ambassador of the Bahamas to Colombia and Mexico as well.[4][2]

He later served as the chairman of the Securities Commission of the Bahamas.[1] In 2007, Donaldson became the Chairman of The College Council, a governing body which is responsible for the academic policies and administration of the College of the Bahamas.[4]

Former Prime Minister of the Bahamas Hubert Ingraham appointed Donaldson as the co-chairman of the Privatization Committee.[2] Under Donaldson, the Privatization Committee negotiated and approved the sale of the majority of the Bahamas Telecommunications Company to the private sector in 2011.[2][3]

Donaldson was named a Commander of the Most Excellent Order of the British Empire (CBE) by Queen Elizabeth II in 1973 for his contributions to public service.[4] The Bahamas Chamber of Commerce named him its "Citizen of the Year" in 1978.[4] Fisk University also awarded him the W.E.B. Dubois Lifetime Achievement Award in 1998.

Donaldson spent six months undergoing treatment for cancer in Florida, [1] returned to the Bahamas in January, 2013.[1] Donaldson died at his home in Winton, New Providence, Bahamas, on February 26, 2013, at the age of 79.[1] He was survived by his wife, Yolande Yasmin Parchment-Donaldson.


  1. ^ a b c d e f g "79-y-o Bahamian patriot passes on". The Tribune (Bahamas). 2013-03-06. Retrieved 2013-03-13. 
  2. ^ a b c d e "First Governor Of Central Bank Dies, 79". Bahamas Tribune. 2013-02-27. Retrieved 2013-03-13. 
  3. ^ a b Cartwright-Carroll, Travis (2013-02-27). "T.B. Donaldson dies at 79". Nassau Guardian. Retrieved 2013-03-13. 
  4. ^ a b c d e f g h i "Bio, Timothy Baswell Donaldson, CBE, Chairman, The College Council" (PDF). College of The Bahamas. Retrieved 2013-03-13.