Trinidad and Tobago: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

January 8, 2007

Preview Citation

Format: Chicago

Trinidad and Tobago: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

This 2006 Article IV Consultation highlights that economic developments in Trinidad and Tobago continue to be underpinned by a favorable international environment. Surging energy prices, the exploitation of new gas fields, and an expansion of industrial capacity helped sustain robust economic activity. However, there are signs that the economy is operating at, or near, potential. The monetization of foreign currency energy receipts by the government has introduced a substantial degree of liquidity into the financial system. The banking sector remains profitable, nonperforming loans are low, and provisioning increased compared with the last year.

Subject: Economic sectors, Expenditure, Fiscal policy, Foreign exchange, Public debt, Public sector

Keywords: Caribbean, Core inflation, CR, Current account, Fiscal policy, Fiscal year, GDP deflator, ISCR, Nominal exchange rate, Public sector, Rate, Remunerated reserve requirement, Staff appraisal, U.S. dollar

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/010
Stock No:

1TTOEA2007003
ISBN:

9781451837698
ISSN:

1934-7685

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