This paper examines the potential impact of border carbon adjustments on Trinidad and Tobago's exports. Despite its marginal contribution to global greenhouse gas emissions, the country's high carbon intensity exposes the economy to global low-carbon transition risks. The paper aims to raise...

The economy continues to recover while inflation is low. Banks' credit is expanding, and the financial sector appears sound and stable. The current account is in surplus and international reserve coverage is adequate. The fiscal position in FY2023 was better than budgeted, while public debt...

Having highly educated workers can be beneficial for organizations in terms of innovation and problem-solving capabilities, however when underpaid and underemployed, overeducated workers may experience feelings of frustration and stagnation as they are unable to fully utilize their skills and...

The impact of fintech in Trinidad and Tobago is currently concentrated in the payments sector. In meeting with firms utilizing fintech, trade bodies, and public authorities, we found that the impact of fintech is not yet broad based and is permeating primarily in relation to e-money and payment...

This technical note evaluates strengthening cybersecurity in financial institutions of Trinidad and Tobago. The deliverables included a capacity-building seminar on regulation of cyber risk. The Central Bank of Trinidad and Tobago identified the need for filling regulatory gaps and desires to...

This 2023 Article IV Consultation discusses that Trinidad and Tobago's economic activity is recovering supported by higher global energy prices and the rebound of the non-energy sector. Real GDP is estimated to have expanded by 2.5 percent in 2022. Inflation has increased, reaching 8.7 percent...

This technical assistance report focuses on strengthening cybersecurity in financial institutions in Trinidad and Tobago. Cybersecurity governance at The Central Bank of Trinidad and Tobago (CBTT) is set up according to generally accepted practices with recently updated policies and procedures....

This paper offers an alternative explanation of the performance of the steel industry in Trinidad and Tobago (T&T). The steel industry emerged due to social mobilizations demanding changes to the colonial economy by investing natural resources in state-led industrialization and welfare...

The motivation for this study hinges around the fact that Trinidad and Tobago (T&T) is suffering from the Dutch disease which inadvertently hinders the growth of non-energy exports. This paper examines measures that can be adopted for a small petroleum-exporting economy to dampen the effect of...

The Downstream Petrochemicals industry has experienced great success since the implementation of the Point Lisas strategy in the mid-1970s. However, over the last 10 years, the Downstream Petrochemicals industry has faced several challenges. First, Trinidad and Tobago’s natural gas reserves...

Trinidad and Tobago faced unprecedented challenges in 2020-21. The combined effects of COVID-19 and energy production and price shocks pushed the economy further into recession. A decisive policy response helped contain the virus spread and protect lives and livelihoods. The fiscal position...

"Against the background of initiatives towards self-government in the British West Indies, this work examines the pioneering efforts of the Labour movement in Trinidad in the promotion of both Caribbean political integration, and regional trade union solidarity especially in the post-World War...

"The Petro-State Masquerade studies the fraught relationship between fossil fuels and political power in Trinidad and Tobago. Examining the past, present, and future of the country's oil and gas industries, anthropologist Ryan Jobson traces the processes by which early economic growth turned...

This study addresses the problem of countries struggling to achieve national development despite investing in development. It aims to identify the fundamental driver of development in these scenarios by exploring the empirical impacts of investment into development projects and public sector...

A paper interrogating the direct and indirect effect of Trinidad and Tobago's anti-money laundering regime on its commercial banking operations and the resulting tension between the bank's civil duties and obligations to its customers and the public duty imposed by anti-laundering legislative...

Trinidad and Tobago football is in turmoil. While local football has long been plagued by financial problems and a lack of resources, it is now subject to political issues that have threatened the existence of authorized football. Trinidad and Tobago was suspended by FIFA on 24 September 2020...

We analyse the role of educational choice on the degree of occupational segregation in Trinidad and Tobago during a period in which educational policies intent on equating gender opportunities in education were implemented. To this end we utilise waves of the Trinidad and Tobago labour force...

Under Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to...

The main aim of this study is to analyse the wage returns of Overeducated workers employed in Trinidad and Tobago. To undertake such a study, data from the Continuous Sample Survey of Population (CSSP) for the period 1991-2015 is used to estimate an initial OLS and Quantile regression version of...

This study examines the impact that over-education has on the earnings of private and public sector workers in Trinidad and Tobago. Using individual person's data from the Continuous Sample Survey of the Population (CSSP) for the period 1991-2015, the returns of over-educated workers is...

In monopsony models of the labour market either a minimum wage or an employment subsidy financed by a lump sum tax on profits can achieve the efficient level of employment and output. Incorporating working conditions into a monopsony model where higher wages raise firm labour supply, but less...

The International Labour Organisation (ILO) argues for relaxing the standard definition of unemployment in developing countries by eliminating the requirement that a person be actively searching for a job. We examine whether such an extension of the standard definition is appropriate in the case...

In Trinidad and Tobago students are assigned to secondary schools after fifth grade based on achievement tests, leading to large differences in the school environments to which students of differing initial levels of achievement are exposed. Using both a regression discontinuity design and...

The major macroeconomic goals are to boost output and employment levels and maintaining price stability. Two mainstream polices tasked with regulating the economy to achieve these multiple goals are monetary and fiscal policies. These policies use different instruments to influence the...

The FSAP work was mostly conducted prior to the COVID-19 crisis. Given the FSAP's focus on medium-term challenges and tail risks, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent. As the growth projections were significantly revised downward...