Government of the Republic of Trinidad and Tobago

Media Release: IMF Commends Trinidad and Tobago on Economic Recovery and Fiscal Discipline

Port of Spain: The International Monetary Fund (IMF) has concluded the 2023 Article IV consultation with Trinidad and Tobago, praising the country’s progress in recovering from the COVID-pandemic and achieving fiscal discipline. The Executive Board of the IMF endorsed the staff appraisal following consultations in Port of Spain held with the Ministry of Finance, the Central Bank of Trinidad and Tobago, the Tobago House of Assembly, as well as several other government agencies, financial institutions and private organizations.

The IMF – that praised the “decisive policy response of the Authorities” during the pandemic– highlights that “Trinidad and Tobago’s economic activity is recovering supported by higher global energy prices and the rebound of the non-energy sector”. The report also noted that public debt has declined and the external position has improved.