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…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a misconception in the public domain regarding the Government’s decision on the 117th Report of the Salaries Review Commission. It must be emphasised that the 117th SRC Report is the result of a job evaluation exercise that has taken over a decade to…
CAF -Development Bank of Latin America and the Caribbean- approved a donation of USD 250,000 for Trinidad and Tobago, which will assist in alleviating the effects of the oil spill that has affected the coast of Tobago, damaged its beaches, reefs, and threatened the local tourism industry. In a letter addressed to Keith Rowley, Prime Minister of…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of media coverage of a recent discussion in a Joint Select Committee of Parliament (JSC) where an Opposition MP proposed the imposition of new taxes on cultural artistes. The Minister of Tourism and Culture has already debunked the false narrative that that Opposition MP’s…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the data so far on the recent NIF2 $400 million 5-year bond issue, which was offered to the public at an interest rate of 4.5% per annum, shows that NIF2 has been a tremendous success. NIF2 was designed to provide all citizens with…
The Minister of Finance, Hon. Colm Imbert, has taken note of an article in the Daily Express with the patently erroneous headline “Gun Theft at Customs”, which goes on to erroneously state that security systems at a transit shed “at Customs” were found to be non-functional and illegal items have disappeared from sheds “at Customs”.…
The Honourable Colm Imbert Minister of Finance along with the Honourable Pennelope Beckles-Robinson, Minister of Planning and Development met with a visiting mission from the Saudi Arabian Fund for Development (SFD) at the Eric William Finance Building on October 31st, 2023. The Mission was led by Mr. Yaser Albakri, Director General of Sectoral Expertise and…
On Monday October 16, 2023, CariCRIS, the regional credit rating agency, has reaffirmed the “high creditworthiness” ratings of CariAA (Foreign and Local Currency) on its regional scale, for the Government of the Republic of Trinidad and Tobago. The scale goes from CariAAA to CariBB. Trinidad and Tobago’s credit rating of CariAA with CariCRIS, is the…
The Minister of Finance has noted a lot of uninformed and speculative commentary in the public domain regarding a recent decision of Republic Bank to reduce credit card limits from US$10,000 to US$5,000 and an unfounded belief that this move by the Bank was done on the Minister’s instructions. Read more
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has always applied diligence and reverence for the law in the utilization of it powers. The FIUTT therefore ensures that when requests are made to Financial Institutions and Listed Businesses for information, it has sufficient and lawful basis for doing such. Under the FIUTT Act,…