Trinidad and Tobago: 2023 Article IV Consultation-Press Release; and Staff Report

Trinidad and Tobago: 2023 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue: Volume 2023 Issue 157
Publication date: May 2023
ISBN: 9798400240836
$20.00
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Summary

The economy is recovering supported by higher global energy prices and the rebound of the non-energy sector. Inflation has increased driven by imported energy and food prices, partial liberalization of fuel prices, and domestic weather-related shocks. The financial sector appears well-capitalized, liquid, and profitable. Higher global energy prices helped improve the external position, turn the FY2022 fiscal position into a surplus, and lower public debt.