The Investments Division

The Investments Division of the Ministry of Finance was established in January 1992. In pursuit of its mandate, the Division manages, monitors and advises on the rationalization of Government’s equity holdings in commercial enterprises. The Division is also responsible for conducting management/performance audits of State Enterprises, to ensure that they operate in an efficient and effective basis and that they discharge their obligations with respect to public accountability.

Activities carried out by the Division include:

  • establishing performance criteria for all State Enterprises;
  • monitoring the adherence to the performance criteria established above;
  • ensuring consistency between Enterprise performance and Government’s macroeconomic policy objectives;
  • appraisal and evaluation of investment plans of State Enterprises to ensure the profitability of investment projects;
  • analysis of the operations of individual enterprises to ensure consistency with Government’s macroeconomic and sectoral objectives;
  • preparation of economic and financial appraisals of various Enterprises;
  • preparation of quarterly and annual forecasts and reviews of domestic investment activity;
  • commissioning of operational and management audits of State Enterprises;
  • conduct of management and performance audits of State Enterprises


The Minister of Finance (Corporation Sole) has responsibility for the State’s entire portfolio of investments of which the State Enterprise Sector is a major element.

At this time, the portfolio includes:

  • Forty-two (42) wholly-owned companies;
  • Five (5) majority-owned companies;
  • Five (5) minority-owned (i.e. less than fifty percent holdings); and
  • Thirty-Two (32) companies held indirectly as subsidiaries of wholly-owned companies.

The Investments Division of the Ministry acts on behalf of the Minister of Finance (Corporation Sole) and carries out corporate functions such as:

1) Shareholder Function:

  • appointment of directors to the Board of Directors of the State Enterprises.
  • representing Corporation Sole’s interest at Annual General Meetings
  • submission of the annual audited accounts of the State Enterprises to the Public Accounts (Enterprises) Committee (PAEC) on a yearly basis.
  • maintenance of the Share Register of Government shareholdings in the State Enterprise Sector.

2) General Performance Monitoring of the State Enterprise Sector

  • Financial Monitoring: conducting an analysis of the Enterprises profitability
  • Revenue collection from State Enterprises: this includes dividend payments, repayment of loans to Government.
  • Funding for State Enterprises: such as subsidy payments, deficit financing to fund operating expenses, capital injection, loan repayment.
  • Monitoring of State Enterprise indebtedness: These include all loans sourced by the State Enterprises.

3) Management of Government’s Investment Portfolio

  • Inform and review Divestment Policy
  • Divestment Proposals
  • Investment Appraisal

4) Compensation to Boards of Directors

  • Classification of State Enterprises, Statutory Bodies and Cabinet Appointed Committees for the payment of fees to the Board of Directors.

In addition, as part of its function, the Division prepares a number of reports routinely.

These include:

  • State Sector Resources
  • State Enterprise Boards of Directors Listing
  • State Enterprise Borrowings
  • Government Shareholding in Enterprises

For Further information please contact:

The Investments Division
Ministry of Finance
Level 15
Eric Williams Finance Building
Independence Square
Port of Spain
Tel: 612-9700, extension: 2509