IMF Warning For Trinidad and Tobago

WASHINGTON, Jul 9, CMC – The International Monetary Fund (IMF) Wednesday warned that Trinidad and Tobago remains vulnerable to a decline in energy prices, and called for structural reforms to diversify the economy and improve its growth potential.

The IMF said while it welcomed the improved growth outlook, and noted the strong external position and limited fiscal vulnerabilities, it agreed, however, that the reduction in economic slack and the need for a durable consolidation of the fiscal position suggest that a tightening of macroeconomic policies may be necessary in the near future.