Trinidad and Tobago: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Trinidad and Tobago
Volume/Issue:
Volume 2003
Issue 232
Publication date: August 2003
ISBN: 9781451837582
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Public Finance , Industries - Energy , ISCR , CR , authority , debt , deficit , sugar company , Trinidad and Tobago economy , project real GDP growth , Trinidad and Tobago authority , retail price index , Public sector , Public enterprises , Fiscal stance , Government debt management , Global , Caribbean
Summary
Trinidad and Tobago has enjoyed positive growth, low inflation, and a steady decline in unemployment, but challenges remain. Executive Directors commended the prudent management, and stressed the need for a macroeconomic framework underpinned by a three-year rolling budget and pension reform. They welcomed Trinidad and Tobago's role as a regional financial center, the soundness of the banking system, and structural reforms. They emphasized the need to tighten fiscal and monetary policies, and encouraged Trinidad and Tobago to participate in the general data dissemination system.
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