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

International Monetary Fund

No 2007/010, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; rate; staff appraisal; U.S. dollar; core inflation; remunerated reserve requirement; fiscal year; fiscal policy; GDP deflator; nominal exchange rate; current account; Public sector; Caribbean (search for similar items in EconPapers)
Pages: 57
Date: 2007-01-08
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