Monday, January 30, 2023
  • Contact Us
The Caribbean Post
Advertisement
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad
No Result
View All Result
The Caribbean Post
No Result
View All Result
Home World Tobago

Trinidad and Tobago reiterates position regarding IMF assistance

Staff by Staff
September 13, 2022
in Tobago, World
0
2
SHARES
12
VIEWS
Share on FacebookShare on Twitter

You might also like

T&T ease past Saint Martin 2-0

Desmond Amsterdam, Nicolette Fernandes cop NSC’s Senior Sport Awards – News Room Guyana

Guapo family ‘relieved’ over triple homicide suspect’s arrest

Prime Minister Dr. Keith Rowley Monday reiterated that Trinidad and Tobago will not be entering into any lending program with the International Monetary Fund (IMF) even as Barbados announced over the weekend that it is approaching the Washington-based financial institution for a new loan agreement.

Rowley noted that while some regional countries, most notably, Barbados and Jamaica had sought assistance from the IMF, in the case of Trinidad and Tobago, the government had taken the position that “we, even if we have similar difficulties, we will not use the IMF as a way out.

“We will make our own decisions and apply our own medicine so as to have the flexibility of doing it the way we would like to do it and not have the pain of IMF impositions on us. That’s what happening in Trinidad and Tobago,” he told a news conference.

– Advertisement –

Last Friday, Barbados Prime Minister Mia Mottley announced the move toward the IMF later this month, telling Barbadians “these are indeed rough waters.”

In 2018, the Washington-based financial institution approved US$290 million Extended Arrangement under the Extended Fund Facility (EFF) for Barbados, noting then that the program is aimed at helping the island restore debt sustainability, strengthen the external position, and improve growth prospects.

Mottley said her government had decided to return to the IMF later this month “with the intent of starting a BERT (Barbados Economic Recovery and Transformation) 2022 program.

“This decision has not been taken lightly, but this is being done to ensure Barbados can continue its trajectory of positive growth,” she said.

“In addition to providing further means to stabilize our country, this program will unlock critically important funding, giving Barbados a boot on the great progress we have already made, despite the hardships brought on by the global challenges,” Mottley said.

Dr. Keith Rowley told reporters that Barbados had done “quite well “under the existing IMF program the island has with the IMF, adding “there is no disaster in going to the IMF, if you end up requiring IMF assistance.

“That’s what the IMF is for, but when you go to the IMF to get the assistance, the IMF usually lays down some very stringent conditions. So if you want to avoid those conditions being applied to you, you tend to avoid the IMF,” he added.

Rowley said there were many naysayers who had been attempting to encourage his administration to seek an IMF loan. But he told reporters that despite the prediction of gloom and doom that has not happened.

CMC/

 


Credit: Source link

Tags: assistanceIMFpositionreiteratesTobagoTrinidad
Previous Post

Russell hopes Knight Riders’s fortunes improve in Trinidad and Tobago

Next Post

Spaghetti and Meatballs Recipe – Immaculate Bites

Staff

Staff

Related Posts

Tobago

T&T ease past Saint Martin 2-0

by Staff
January 30, 2023
Guyana

Desmond Amsterdam, Nicolette Fernandes cop NSC’s Senior Sport Awards – News Room Guyana

by Staff
January 30, 2023
Trinidad

Guapo family ‘relieved’ over triple homicide suspect’s arrest

by Staff
January 29, 2023
Guyana

Suryakumar helps India draw level in Lucknow spin-fest – News Room Guyana

by Staff
January 29, 2023
Tobago

Newsday photographer Sureash Cholai passes away

by Staff
January 29, 2023
Next Post

Spaghetti and Meatballs Recipe - Immaculate Bites

Recommended

Bangladesh win 3rd ODI, sweep Windies 3-0

July 16, 2022

Goals and Highlights Guatemala U-20 2-1 Aruba U-20: in CONCACAF U-20 Pre-World Cup 2022 | 06/23/2022

June 23, 2022

Categories

  • Business (464)
  • Current News (258)
  • Education (26)
  • Entertainment (75)
    • Lifestyle (22)
    • Travel (14)
  • Health (246)
    • Recipes (177)
  • Politics (31)
  • Tech News (64)
  • World (3,417)
    • Antigua (28)
    • Aruba (30)
    • Barbados (28)
    • Barbuda (28)
    • Dominica (29)
    • Dominican Republic (29)
    • Guadeloupe (523)
    • Guyana (865)
    • Haiti (28)
    • Jamaica (28)
    • St Lucia (27)
    • Suriname (28)
    • Tobago (870)
    • Trinidad (875)

Don't miss it

Tobago

T&T ease past Saint Martin 2-0

January 30, 2023
Guyana

Desmond Amsterdam, Nicolette Fernandes cop NSC’s Senior Sport Awards – News Room Guyana

January 30, 2023
Trinidad

Guapo family ‘relieved’ over triple homicide suspect’s arrest

January 29, 2023
Guyana

Suryakumar helps India draw level in Lucknow spin-fest – News Room Guyana

January 29, 2023
Tobago

Newsday photographer Sureash Cholai passes away

January 29, 2023
Trinidad

Feting with the Saints – Trinidad and Tobago Newsday

January 29, 2023
The Caribbean Post

This is an online news portal that aims to share latest news about Africa, Caribbean and other countries of Africa with respect to business, entertainment, breaking updates and stuff like that. Feel free to get in touch!

Categories

  • Business
  • Current News
  • Education
  • Entertainment
    • Lifestyle
    • Travel
  • Health
    • Recipes
  • Politics
  • Tech News
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

Browse by Tag

Antigua Barbados Bites Business Caribbean Caribe COVID COVID19 Cup Dominica energy food France French Games gas global Government Guadeloupe Guyana Guyanas Guyanese Health Immaculate Jamaica Local man Minister National News oil Online police President Room Route Silicon team Tobago Tobagos trade Trinidad weather World year

Recent News

T&T ease past Saint Martin 2-0

January 30, 2023

Desmond Amsterdam, Nicolette Fernandes cop NSC’s Senior Sport Awards – News Room Guyana

January 30, 2023

Guapo family ‘relieved’ over triple homicide suspect’s arrest

January 29, 2023

Suryakumar helps India draw level in Lucknow spin-fest – News Room Guyana

January 29, 2023

2022© Design by CodingBite | Powered by LuxamaMedia.

No Result
View All Result
  • Current News
    • Politics
    • Business
  • Tech News
  • Education
  • Entertainment
    • Travel
    • Lifestyle
  • Health
    • Recipes
  • World
    • Antigua
    • Aruba
    • Barbados
    • Barbuda
    • Dominica
    • Dominican Republic
    • Guadeloupe
    • Guyana
    • Haiti
    • Jamaica
    • St Lucia
    • Suriname
    • Tobago
    • Trinidad

2022© Design by CodingBite | Powered by LuxamaMedia.