Trinidad and Tobago : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2018/286

IMF Staff Country Reports

Language:

English

Subjects (All):

Trinidad and Tobago--Economic conditions--Statistics.

Trinidad and Tobago.

Physical Description:

1 online resource (24 pages)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2018.

Summary:

This Selected Issues paper focuses on the impact of adjusting to commodity shocks in Trinidad and Tobago. With commodity resources being nonrenewable, developing a long-term strategy can help avoid unsustainable policies and ensure greater intergenerational equity. Recent country experiences highlight the benefits of precautionary buffers in smoothing fiscal adjustment process. Prudent and countercyclical fiscal policy implementation, structural reforms, and economic diversification can help contain the impact of commodity price booms and busts. Strong fiscal institutions are needed to help achieve and sustain the fiscal adjustment. Different adjustment strategies may be feasible depending on the needed size of the adjustment and country-specific circumstances. Trinidad and Tobago have faced several years of weak or negative growth on the back of terms-of-trade and energy supply shocks. A well-designed fiscal framework that considers potential uncertainties associated with commodity cycles can help improve fiscal management. Countercyclical policy implementation would help smooth the impact of commodity-induced sharp fluctuations in the economy.

Contents:

Cover

CONTENTS

ADJUSTING TO COMMODITY SHOCKS: COUNTRY EXPERIENCES

A. Unique Challenges

B. Overall Strategy

C. Composition of the Fiscal Adjustment

D. Implications for Trinidad and Tobago

References

BOX

1. Adjusting to Commodity Shocks: Country Experiences from Latin America

THE HERITAGE AND STABILIZATION FUND: KEY ISSUES

A. Objectives

B. Governance and Transparency

C. Inflow and Outflow Rules

D. Assets and Performance

E. Issues and Recommendations

TABLE

1. Inflow and Outflow Rules of Selected Sovereign Wealth Funds

TACKLING CRIME IN TRINIDAD AND TOBAGO

A. Topography

B. Fighting Crime

References.

Notes:

Includes bibliographical references.

Description based on print version record.

ISBN:

9781484378199

1484378199

9781484378212

1484378210

OCLC:

1059417151