With all indicators pointing to a bumper Carnival season, Minister of Finance, the Honourable Davendranath Tancoo, says “this is the strongest signal yet that the economy is on the upswing”.
Hot on the heels of a favourable country review by the International Monetary Fund (IMF), Minister Tancoo expressed buoyant optimism about the state of the economy and its current trajectory, citing as evidence the vibrancy of this year’s Carnival festivities. “Activities such as fetes, some of which are massive events, are doing very well,” he said. “Mas bands have attracted large numbers and j’ouvert bands and hotel rooms are sold out. We expect flights into Trinidad and Tobago to be packed to capacity as visitors from all around the world descend on our shores for these celebrations.”