Government of the Republic of Trinidad and Tobago

Tag: IMF

Media Release: The IMF Annual Report underlines the dynamism of Trinidad and Tobago’s Economic Recovery

The Honourable Colm Imbert, Minister of Finance, welcomes the International Monetary Fund’s (IMF) Annual Report on Trinidad and Tobago, published on June 05 2024, which provides an independent assessment of our economy. The IMF underlines that “Trinidad and Tobago is undergoing a gradual and sustained economic recovery.” The unemployment rate decreased to 3.2 percent in…

Media Release: IMF Confirms that Trinidad and Tobago is Undergoing a Sustained Economic Recovery

The Minister of Finance, Hon. Colm Imbert, MP, is encouraged and heartened by the Staff Concluding Statement of the recent IMF 2024 Article IV Mission to Trinidad and Tobago, which predicts a positive medium-term outlook for Trinidad and Tobago. The IMF’s 2024 Article IV visit to Trinidad and Tobago occurred between February 28, 2024, to…

Media Release: Negative Statements by UWI Professor about the 2023 IMF Article IV Report are Unwarranted, Erroneous, Baseless and Unfortunate

The Minister of Finance, Hon. Colm Imbert, M.P., has taken note of erroneous and ridiculous statements made by UWI Professor Roger Hosein regarding the recently published IMF 2023 Article IV Report on its consultation with Trinidad and Tobago.On May 1, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV…

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…