The Minister of Finance, Hon. Colm Imbert, MP, has noticed yet another series of misleading and inaccurate stories about access to foreign exchange being peddled by the Trinidad Express as if these stories were factual. This media campaign is clearly mischievous, and it is necessary to set the record straight.

EXIMBANK’s PURPOSE

A perusal of the EXIMBANK of Trinidad and Tobago’s website reveals that its mandate is to, “facilitate the growth and expansion of the non-energy export and manufacturing sectors in order to enhance the foreign exchange earnings of Trinidad and Tobago, and to create and sustain employment through our trade finance product portfolio’s coverage to the exporting community.”

In brief, the purpose of the Eximbank is to provide foreign exchange support to exporters in our non-energy and manufacturing sector as part of this government’s ongoing goal of economic expansion and diversification.