The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that yesterday the Caribbean Court of Justice (“CCJ”) dismissed the claim brought by Ellis Richards and others against Trinidad and Tobago in relation to the CL Financial bailout in 2009, which excluded annuity and investment products issued by British American Insurance Company Limited (a…
The Minister of Finance has noted inaccurate and incomplete reporting by the Trinidad Guardian on the discussion on the Estimates of Expenditure for the Tobago House of Assembly.The manner in which the Guardian has reported on the deliberations in yesterday’s Standing Finance Committee meeting on the THA’s 2025 budgetary allocation is clearly designed to create…
More than one hundred (100) Small and Medium Enterprises (SMEs) in Trinidad and Tobago are set to receive a significant boost in financing to grow their operations and expand into new markets. The Minister of Finance, Hon. Colm Imbert and the Director Representative for CAF – Development Bank of Latin America and the Caribbean in…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the 2025 Budget will be presented on Monday, September 30, 2024.
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that today the Judicial Committee of the Privy Council on appeal from the Court of Appeal of the Republic of Trinidad and Tobago, unanimously dismissed the appeal in Civil App. No. P 351 of 2023 Terrisa Dhoray v. The Attorney General and the Trinidad…
On Friday September 13th the Minister of Finance led a debate on the Miscellaneous Provisions (Global Forum): Bill, 2024 that involved both Government and Opposition. On Saturday September 14th and Sunday September 15th, the Trinidad Newsday and Trinidad Express carried coverage of the debate and astonishingly reported the Opposition’s false allegations in the debate in…
Madam Speaker, I am authorized by Cabinet to make the following statement on the Special Report of the Auditor General on the Public Accounts for the Financial Year 2023. Following the public statements made by the Auditor General with respect to her original report on the 2023 Accounts, her baseless assertion that the Ministry of…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that today, Standard and Poors, the international credit rating agency, has affirmed Trinidad and Tobago’s credit rating at BBB-, an Investment Grade Rating reflective of the country’s credit strength. S&P has also maintained its stable outlook for Trinidad and Tobago. The country’s strong external…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that on August 28, 2024, he signed both the Central Bank (Deposit Insurance) Order, 2024 and the Central Bank (Deposit Insurance Coverage Limited) Order, 2024, which were both published on August 29, 2024 as Legal Notice Nos. 159 and 160 of 2024, respectively (see…