Trinidad and Tobago’s economy is gaining momentum and, for the first time in a decade, is undergoing a gradual and sustained recovery.
This according to the International Monetary Fund.
According to the Finance Ministry, this was stated in the IMF’s staff-concluding statement following a nine-day mission to T&T, which ended last Friday.
The Ministry says the IMF stated that the balance of probability is that T&T’s economy will continue to improve with sustained economic growth.
The IMF mission also emphasised the importance of diversification, which it found to be happening, and of having a more predictable fiscal policy through energy price cycles to keep the public debt at moderate levels and to save for the future.