Trinidad and Tobago reprioritised some of the US$7,356,767 (about $50 million) it received, mostly from the United Nations, to support the Government’s efforts to address the challenges brought about by the Covid-19 pandemic.

The money was reprioritised early in 2020 to focus on health and education, the Ministry of Planning and Development said yesterday.

The money came through T&T’s Country Implementation Plan (CIP-TT), on national initiatives related to the achievement of the Sustainable Development Goals (SDGs) in 2020, Many of the activities were centred around five of the SDGs, namely Zero Hunger, SDG 2; Good Health and Well-being, SDG 3; Quality Education, SDG 4 and Peace Justice and Strong Institutions, SDG 16.

This is according to the ‘United Nations (UN) Country Annual Results Report,’ released in March 2021, which was revealed during the Inaugural Joint National Steering Committee Meeting of the United Nations Multi-country Sustainable Development Framework (MSDF) on March 14. The meeting was facilitated virtually by the technical cooperation unit of the Ministry of Planning and Development, which included the United Nations country team, the Tobago House of Assembly and other supporting government agencies and stakeholder groups.

Speaking during the meeting, UN resident coordinator Marina Walter said education, food security and bringing the private sector in as a key partner in national development were key areas on the agenda still receiving attention for T&T.

Permanent secretary of the Planning Ministry Joanne Deoraj emphasised the need for all arms of government involved in T&T’s MSDF to continue to execute, coordinate and collaborate as a collective whole to epitomise T&T’s ‘whole of government’ approach to national development.

Planning and Development Minister Camille Robinson-Regis said T&T’s ongoing partnership with the UN, along with the support received over the past year, is reflective of the Government’s commitment to the Country Implementation Plan for Trinidad and Tobago. CIP-TT is a plan of action with the UN for addressing several challenges affecting this country’s ability to develop in a sustainable way.

Robinson-Regis is responsible for reviewing and authorising the joint plan for each year on behalf of the Government.

In a statement yesterday, the Ministry of Planning said some of the key areas to note regarding the 2020 Country Implementation Plan include the European Union funded Spotlight Initiative to address violence against women and girls, which received US$3.7 million for phase 1 last year, making T&T the largest recipient under this project geared towards alleviating gender-based violence in T&T. There was also significant work done regarding human trafficking and support for vulnerable populations.

Progress was made in youth support and entrepreneurialism, whereby T&T was selected as the first Caribbean country to implement Generation Unlimited (GenU), a global initiative that aims to transform education so young people become empowered with the skills that future employers, entrepreneurial ventures and economies demand.

The ministry said that with endorsement and support from the T&T Government, civil society, youth groups, and the private sector, GenU is appraising the T&T education sector’s capacity to deliver the skills the economy needs, with the aim of formulating action and investment plans to address key gaps while building an online ecosystem where young entrepreneurs can access support and high-value marketplaces.

Through the Food and Agriculture Organisation, plans were initiated to merge technology with food production, highlighting Government’s drive for food security and increased local food production in T&T.


REGIONAL insurer Sagicor Financial Corporation, which has thousands of Trinidad and Tobago customers and shareholders, on Friday declared US$41.6 million in net income for the three months ended March 31, 2021, after recording a net income loss of US$25.1 million for the same quarter in 2020.

AMERICAN aircraft manufacturer Boeing has branded one of its Max 8 aircraft with Caribbean Airline’s (CAL) logo.

The image was captured and circulated on social media.

With its contract for 12 Max 8 aircraft from the Chicago-based manufacturer still in effect, CAL told the Sunday Express on May 7 by e-mail

THE Confederation of Regional Business Chambers says, while it’s commendable the Central Bank is making it easier for financial institutions to reintroduce loan deferrals and interest rate reductions for customers, it’s unclear how the interest rate reduction will be applied.

The Central Bank is making it easier for financial institutions to reintroduce loan deferrals and interest rate reductions for customers who are facing hardships as a result new measures introduced as a result of the spike in Covid-19 cases and deaths.

RUM and bitters producer, Angostura Holdings Ltd, yesterday reported a 45.5 per cent increase in its after-tax profit, for the first quarter of its 2021 financial year.

Angostura profit for the period ending March 31, 2021, was $19.06 million, which was 45.5 per cent higher than the $13.09 million the Laventille-based manufacturer reported for the same period in 2020.

MAJORITY State-owned National Flour Mills (NFM) yesterday reported a 62.4 per cent decline in its after-tax profits for the first quarter of its 2021 financial.

NFM’s after-tax profit for the three months ended March 31, 2021 totalled $2.63 million, down from $7.01 million the grain miller reported in 2021.