Many of CARICOM’s economies are characterised by large natural resource bases, with a number of important recent oil and gas discoveries made of late. These countries do, however, also continue to face several parallel challenges including high levels of public debt.
How will further regional integration be achieved, and what role will Trinidad and Tobago play in this?
Trinidad and Tobago has played a crucial role in the integration of the Caribbean, particularly among the Anglophone countries of the region, for decades now. A promoter of the Treaty of Chaguaramas in 1973, the first step towards deeper regional integration after the mixed fortunes of the establishment of the short-lived West Indies Federation between 1958 and 1962, T&T subsequently...
With global energy prices recovering and a new natural gas project now on-line, some predict an end to T&T’s recession in 2018. In May 2018 the Ministry of Finance reported that as energy activity recovers and other sectors begin to grow, tax revenues will likely exceed expectations, and the fiscal deficit was revised down from 3.1% of GDP in 2018 to 2.5%, compared to 8% in 2017. However,...
Trinidad and Tobago possesses robust institutions, with a stable democratic system and strong regional and international ties. Nevertheless, the country has faced a series of corruption cases, and a number of initiatives have been launched to combat this issue. T&T faces further challenges related to unemployment, particularly among the young, along with law and order, though figures...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×