It has been widely argued that achieving greater financial inclusion – the delivery of financial services at affordable costs to lower-income segments of any given population – is an effective way of reducing poverty and promoting economic growth and development. The UN has suggested that financial inclusion objectives should include providing...
Following another positive year in 2016, in which it maintained profitability and financial strength in the face of challenges related to a wider economic slowdown, Trinidad and Tobago’s banking sector is poised to play a key role in supporting new growth. Executives in the sector expect the economy to begin to rebound in late 2017 and into...
In October 2016 the Central Bank of Trinidad and Tobago (CBTT) published a new strategic plan, covering the five years between FY 2017 and FY 2021. This was the second medium-term plan adopted by the CBTT. The first had initially covered the three years between FY 2012 and FY 2014, under the theme of enhancing financial stability, governance...
In the first quarter of 2017 the People’s National Movement (PNM) government of Prime Minister Keith Rowley was close to having completed its first 18 months in office. The administration had come to power at a difficult time for the economy. Mainly as a result of the slump in international energy prices and a slowdown in production, Trinidad...
The relationship between the public and private sector in Trinidad and Tobago is both important and complex. At one level it is competitive and sometimes antagonistic, with each side seeking to widen its share of total economic activity and criticising the other, often on ideological grounds. On another level, however, it is deeply...
The World Trade Organisation (WTO) has defined trade facilitation as meaning the simplification and harmonisation of international trade procedures. In late 2013 WTO members agreed on the initial text of a trade facilitation agreement (TFA), which was further refined during 2014. The document focuses on actions to ease the movement, release...
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