21.03.2016 - Not All Carnival In Trinidad & Tobago
Should Prime Minister Andrew Holness desire vindication for his promise to honour Jamaica's agreement with the International Monetary Fund (IMF), including the programme of fiscal consolidation, he might look to Trinidad and Tobago (T&T), the English-speaking Caribbean's economic powerhouse, where the Fund has just completed its annual Article IV consultation on the country's economy. The positive news of the Port-of-Spain government is that the country has foreign reserves of around US$9.6 billion. There is another US$5.6 billion in sovereign wealth fund - the Heritage and Stabilisation Fund - the kind of investment that Jamaica was expected to make when it imposed its bauxite levy but was mostly consumed in general spending...............................................Full Article: Source
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