IMF Staff Country Reports

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

Publication Date:

January 8, 2007

Electronic Access:

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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.

Series:

Country Report No. 2007/010

Subject:

Economic sectors Expenditure Fiscal policy Foreign exchange Public debt Public sector