Trinidad and Tobago
Trinidad and Tobago
Framework for Public Offerings in Trinidad and Tobago
This project is to establish a legal and institutional framework and corporate governance model to facilitate private investment in Trinidad and Tobago through a public offering program. The impact of the program would be improved governance of public enterprises and increased private sector investments in the economy. The implementation of the public offering program through the recommended legal and institutional framework designed under this TC will facilitate wider ownership and participation in sectors previously dominated by the state, demonstrate that the Government’s commitment to promote investments and private sector development is credible, and help create the fiscal space for poverty eradication and social programs as a result of the divestment of SOEs and improved SOE performance.
Support for Economic Growth, Competitiveness and Innovation in Trinidad and Tobago
This technical cooperation will provide support to the Government of Trinidad and Tobago
- to strengthen the Economic Development Board and the Council for Competitiveness and Innovation by supporting the Technical Secretariat, and
- to develop recommendations for key policy reforms to advance private sector development. This project will accelerate and strengthen the institutionalization of the EDB and the CCI, two bodies aimed at providing critical inputs and support to the current efforts to bring about a more innovative and diversified economy. As a result, both bodies will start receiving support from a technical secretariat (the Economic Development Center or EDC) sooner, and will have access to key world-class expertise while carrying out their mandates. This should all result in high quality and high impact products. The GOTT will also benefit by improving the implementation of the CEDAW mandate to promote women’s economic empowerment.
For the private sector, the project will have a positive impact on enhancing public policy in the areas of competitiveness and innovation, as well as in facilitating public-private dialogue through the strengthened EDB and CCI. All this should translate into a visibly enhanced business climate.
Strengthening the Financial Sector Regulatory and Supervisory Framework in Trinidad and Tobago
This project is to support the Government of Trinidad and Tobago’s efforts to reform its financial sector regulatory and supervisory framework. The technical cooperation will directly contribute to the strengthening and stabilization of TT’s financial system and reduce vulnerability to exogenous shocks by (i) assessing the current state of financial regulation and supervision; and (ii) supporting, recommending, and implementing regulatory and supervisory reforms, building on the recommendations of the IMF FSAP, international best practices, and the realities of TT’s financial sector. The impact of this TC will be increased investor confidence as a result of the improved financial sector regulatory and supervisory framework. This should lead to increased foreign direct investment (FDI) which will contribute to sustainable economic growth and competitiveness in Trinidad and Tobago.
Impact Investment in the Caribbean
Impact Investing is an emerging industry which entails investors actively placing capital in businesses and funds that generate social and/or environmental goods and at least return nominal principal to the investor. This project partnered with the IDB’s Multilateral Investment Fund (MIF) to examine the existing impact investment activities in Barbados, the Dominican Republic, Haiti, Jamaica and Trinidad and Tobago; the feasibility of increased activity in this area including the demand for and availability of such financing; and the role of government policy in creating an enabling environment for impact investment in the region.
Identifying Sustainable Agricultural Initiatives in the Caribbean
This project partners with the IDB’s Multilateral Investment Fund to study sustainable agriculture in Barbados, Belize, Guyana, Jamaica, Suriname, The Bahamas and Trinidad and& Tobago. It examines current developments in sustainable agriculture in this country, analyses specific challenges, and identifies opportunities, taking into consideration trade liberalization, food safety, quality and security, rising food prices, the expansion of niche markets, diversification, climate change and environmental sustainability.
II Roundtable on Identifying Constraints to Competitiveness in the Caribbean
This project will coordinate and support a regional public-private dialogue in the Dominican Republic on the opportunities for trade and investment between Latin America and the Caribbean. The main impact that the project expects to achieve is increased dialogue on private sector issues and competitiveness among regional stakeholders and consensus among policy makers on the future direction of the region’s economies.