Ewart Williams, Director of Investments at the Heritage and Stabilization Fund, Trinidad and ­Tobago, runs the Caribbean nation’s Sovereign Wealth Fund (SWF) in addition to being governor of its central bank.
“Trinidad and Tobago had two episodes of high oil prices in the 1970s and early 1990s, and on both occasions there was the view that the proceeds were not efficiently used. There was a significant increase in government expenditure and all the classic indicators of Dutch Disease………………………………………..Full Article: Source