Trinidad and Tobago: Selected Issues

International Monetary Fund

No 2017/353, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper reviews the performance and reform plans for public bodies (PBs) in Trinidad and Tobago. PBs represent a source of fiscal risk to the government through the generation of financial losses, with current and capital transfers from the central government to PBs amounting to 3.5 percent of GDP in FY2015/16. Inappropriate pricing policy and weak governance are the most prevalent sources of fiscal risk. PBs must improve public service delivery and become profitable. Key policies should center on incentives for performance, stronger corporate governance, and better public oversight. Steadfast restructuring of PBs with losses must be implemented either through restructuring those that are nonviable or liquidating them to ensure efficiency and improved resource allocation.

Keywords: ISCR; CR; government guarantee; revenue-generating government entity; equity holding; government policy; ownership policy; unviable SOEs; state enterprises performance; SOEs reform plans; SOEs governance framework; state enterprise performance monitoring system; SOEs' profitability; Public enterprises; Fiscal risks; Government liabilities; Corporate governance; Global; Caribbean (search for similar items in EconPapers)
Pages: 21
Date: 2017-11-21
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45425 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/353

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().