With a declining economy restricting premium income growth and bringing rates under sustained pressure, 2016 was a challenging year for Trinidad and Tobago’s insurance sector. The relative scarcity of foreign exchange has also caused some issues with regard to the payment of reinsurers.
What measures are being taken to enhance Tobago’s value proposition as a tourism destination?
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...
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 all...
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 collaborative,...
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