IMF headquarters, Washington DC.

The International Monetary Fund (IMF) this afternoon said the T&T economy is expected to recover strongly next year.

In the concluding statement of the IMF’s 2021 Article IV mission to T&T, the Washington DC-based institution said the domestic economy is expected to grow by 5.7 per cent in real terms in 2022.

The growth next year will be “reinforced by the continued policy support and the anticipated recovery in oil and gas production.”

The IMF statement also said the Government “acted decisively” to contain the pandemic.

The concluding statement said it describes the preliminary findings of the IMF staff at the end of the official staff visit.

Based on the staff’s preliminary findings, they prepare a report that, subject to the approval of the institution’s management, will be presented to the IMF’s executive board.


THE potential for big data to transform government is vast and is something that is being actively pursued, according to Finance Minister Colm Imbert.

Speaking virtually at the United Nations Trinidad and Tobago Big Data Forum on Wednesday, Imbert said big data can also be useful in providing real-time information such as tax collection and issuing official documents.

Trinidad and Tobago’s parallel healthcare system is the only one of its kind in the world, said Principal Medical Officer for Institutions Maryam Abdool-Richards, in an interview with the Sunday Express last week.

A system of parallel healthcare for Covid-19 patients was put in place in March 2020 and was meant to treat Covid-19 patients, while leaving T&T’s existing health infrastructure unaffected.

The Central Bank said yesterday that food inflation in T&T jumped to 5.8 per cent in September 2021, up from 3.2 per cent in January 2021, as it warned of the possibility that the higher prices could carry over to 2022 as a result of external factors.

“THE POLICE’S Safe City Initiative seems to be working but tell DCP McDonald Jacob to keep his foot on the gas or it will be hell for us,” said one Port of Spain businessman yesterday.

The Express polled several businessmen including Downtown Owners and Merchants Association (DOMA) president Gregory Aboud.