Government of the Republic of Trinidad and Tobago

Tag: IMF

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…

Media Release : The IMF Praises Trinidad and Tobago’s Policy Response to Covid-19 and Encourages T&T to Shift its Policy Attention Only When Recovery is in Place

The IMF noted that Trinidad and Tobago faced “unprecedented challenges in 2020-21. The combined effects of COVID-19, energy production cuts, and price shocks pushed the economy further into recession”. In the face of such challenges, the IMF concluded that “The authorities’ decisive policy response helped contain COVID-19’s spread, protectlives and livelihoods, and paved the way…