T&T economy set to grow strongly next year by 5-7%

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link bravos Joined: Oct 13, 2009
Posts: 40260
11/20/21, 4:06:32 PM 

link sudden Joined: Nov 26, 2006
Posts: 46394
11/20/21, 4:12:22 PM 
In reply to bravos

De Fraud coming soon. Stay tune big grin

link bravos Joined: Oct 13, 2009
Posts: 40260
11/20/21, 4:34:19 PM 
In reply to sudden

Hahaha...

Get the fraud cage ready..

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/20/21, 6:23:43 PM 
Two idiots discussing the Economy ...something they know nothing about..

link

The Caribbean was the region hardest hit in the developing world by the covid19 pandemic, with a drop in 2020 of -6.8 per cent, the largest since 1900.The executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, in 2021 the region will grow 5.9 per cent, "but it is not enough to offset the fall," she said.Bárcena reported owing to the crisis, the number of employed people in Latin America and the Caribbean fell by 25 million, 13 million of whom are women, a sharp drop in the female participation rate.

Poverty increased to 33.7 per cent, 22 million people more than in 2019. The digital divide also grew.

"We propose to go towards digital universality. Today we have 66.2 million homes with inadequate connectivity," she said.


IMF calls on authorities to deal with Forex issues

The International Monetary Fund mission that recently visited T&T has called on the authorities to remove all restrictions on current international transactions while providing sufficient foreign exchange to meet demand for all current international transactions.

“The mission underscored the need for an appropriate policy mix to support the exchange rate regime and called for the removal of restrictions on current international transactions. The authorities are encouraged to modernize FX and money market infrastructure to reduce inefficiencies and imbalances to support the sustainability of the existing arrangements,” the IMF stated.“Looking to the future, greater exchange rate flexibility would reduce the need for fiscal policy adjustments to restore external balance and create room for more countercyclical monetary policy. The mission encouraged the authorities to remove all restrictions on current international transactions while providing sufficient FX to meet demand for all current international transactions,” it stated.

The IMF made the comments in a Concluding Statement issued yesterday which described the preliminary findings of IMF staff at the end of an official staff visit to T&T.


link


Keep braying

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/20/21, 6:39:19 PM 
T&T Comments:

Claire Rostant


How plain can it be that Imbert is incompetent if the IMF has to step in to tell Trinidad to release more settlement currency? A few months ago Selby Wilson felt it necessary to say that Trinidad ( IMBERT) should be borrowing from the IMF. Imbert and Rowley have been stating that the IMF is the worse way to climb out of debt. In a Newsday article Imbert is quoted as saying that borrowing from China is better because he does not have to provide loan audit reports. So instead of the 1% interest we would have gotten from the IMF we are paying 2% or 100% more, to China's EXIMBANK instead. Trinis who do you think is paying back these loans not the citizens? Is this the kind of decisions we voted for, where the minister of finance just feels, to borrow from China at twice the rate? Well if you happy with that then you like it so. Commenters have been asking me what I have against China. Well maybe it has to do with the things China is infamous for like arresting Jack Ma because Xi Jinping feels Ma is talking too much against the CCP. Or the journalist that disappeared for the same reason. Or the Chinese Police beating protesters on the streets of Hong Kong. And that is a short list. And Democratic T&T at the lead of Rowley and Imbert has T%T in bed with the country with the worst human rights record on the planet. Men that are holding their heads high in the PNM should be holding them low. Flash cash China, because our politicians are cheap.


Lana Ali-Penn

If by razor wire you mean the US with all it's funny money is about to go into an inflation spiral; you could be right. A US currency devaluation would be very bad for the IMF. Hopefully, Rowley and his advisors, don't yield to IMF pressures because the untethered release of FOREX in T&T might just mean localizing/internalizing the US' problems.
“Hyperinflation is going to change everything,” Dorsey tweeted Friday night. “It’s happening.”

Claude Gonzales

PNM INCOMPETENCE: BRACE FOR THE CRASH LANDING!!!The IMF will save us yet again.............
Colm your time is coming..
BRACE FOR IMPACT !....

link bravos Joined: Oct 13, 2009
Posts: 40260
11/20/21, 6:43:25 PM 
In reply to sudden

Easy easy..

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/20/21, 6:46:55 PM 
A word to the wise ...No matter how smart you are, you can never convince someone stupid that they are stupid


Its beyond you two bobolees, you two takes being a moron down to a whole new level.

sigh

link sudden Joined: Nov 26, 2006
Posts: 46394
11/20/21, 7:12:50 PM 
In reply to bravos

That too small smile

link bravos Joined: Oct 13, 2009
Posts: 40260
11/20/21, 7:13:46 PM 
In reply to sudden

Oh skites, lol yeah !
smile

link Barry Joined: Jun 19, 2019
Posts: 10456
11/21/21, 10:03:41 AM 
In reply to bravos

He come, he gone, it still stinks cool

link Barry Joined: Jun 19, 2019
Posts: 10456
11/21/21, 10:05:06 AM 
In reply to sgtdjones

Now four idiots- me included- come nah… bring Jerk Pork razz

link bravos Joined: Oct 13, 2009
Posts: 40260
11/21/21, 10:50:00 AM 
In reply to Barry

He fraid you bad Barry..

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/21/21, 12:16:08 PM 
Economist Vaalmiki Arjoon, commenting on the IMF report, said it will be a difficult task ahead for economic recovery because of the uncertainly of the covid19 pandemic and the slow vaccination rates.

At this point, TT’s economic performance reflects 2005 levels and although the IMF has painted a growth, the country’s GDP remained a cause for concern, he said

“While the IMF has forecast a growth of 5.7 per cent next year, our GDP will still be worse than where we were over 2006 to 2019. Higher energy prices are likely to persist well into 2022, and this will augur well for our revenue earnings bringing the deficit down to approximately $9 billion. These persistent deficits are generally financed by debt, suggesting that the debt burden will continue to pile up." He cautioned that there was no room for financial mishaps and bureaucratic delays in the public sector.


Newsday




Protests in Mamoral over bad roads

Dry pipes in Maraval until November 18

Protests in Tabaquite for roads, bridges and water

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/21/21, 12:35:27 PM 
In reply to sudden

You shouldn't talk about small, with your girth....sigh

cool

link Barry Joined: Jun 19, 2019
Posts: 10456
11/21/21, 2:48:50 PM 
A big tall fool copies off the net and then scratches himself . . . in the gleeful and solemn stupidity of a solid wood deck . . . I laugh irrationally as I contemplate the hilarity of such idiocy . . . Growth, Socafighter ... like that thing growing inside you ... lol

link bravos Joined: Oct 13, 2009
Posts: 40260
11/21/21, 4:44:44 PM 
In reply to Barry

Lol that poor character and his imaginary d*ck !

link sudden Joined: Nov 26, 2006
Posts: 46394
11/21/21, 6:21:14 PM 
Ole Barbie doll fraud still cutting and pasting

link bravos Joined: Oct 13, 2009
Posts: 40260
11/21/21, 8:51:55 PM 
In reply to sudden

Poor ting have it bad..

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/21/21, 10:46:31 PM 
After reading this thread , one thing stands out . My facts, no one can refute them.

So the next thing the morons do is attack the poster.

rolleyes

link Barry Joined: Jun 19, 2019
Posts: 10456
11/21/21, 11:23:53 PM 
In reply to sgtdjones

What facts? What a self serving idiot… cool

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/21/21, 11:34:14 PM 
In reply to Barry

Its obvious you cant read or assimilate what I have posted.
Now kindly fck off....

I don't have time for morons with BS....


twisted

link Barry Joined: Jun 19, 2019
Posts: 10456
11/22/21, 12:19:36 AM 
In reply to sgtdjones

You are reading…. big grin

link Jabari18 Joined: Feb 27, 2011
Posts: 22106
11/22/21, 5:47:00 AM 
In reply to sgtdjones

The mission underscored the need for an appropriate policy mix to support the exchange rate regime and called for the removal of restrictions on current international transactions. The authorities are encouraged to modernize FX and money market infrastructure to reduce inefficiencies and imbalances to support the sustainability of the existing arrangements,” the IMF stated.“Looking to the future, greater exchange rate flexibility would reduce the need for fiscal policy adjustments to restore external balance and create room for more countercyclical monetary policy. The mission encouraged the authorities to remove all restrictions on current international transactions while providing sufficient FX to meet demand for all current international transactions,” it stated.


What are they suggesting here other than floating the exchange rate which if allowed to float will reach 8:1 and screw the poor people in the country

link Jabari18 Joined: Feb 27, 2011
Posts: 22106
11/22/21, 5:50:42 AM 
In reply to sgtdjones

I
mbert and Rowley have been stating that the IMF is the worse way to climb out of debt. In a Newsday article Imbert is quoted as saying that borrowing from China is better because he does not have to provide loan audit reports. So instead of the 1% interest we would have gotten from the IMF we are paying 2% or 100% more


Do you know why developing nations are turning to China? Less harsher policies to be implemented when borrowing. IMF is interested in figures not people. Their policies will fix the figure even if it fs the people

link Jabari18 Joined: Feb 27, 2011
Posts: 22106
11/22/21, 5:52:22 AM 
In reply to sgtdjones

I agree with valmiki

Very Happy Smile Sad Surprised Shocked Confused Cool Laughing Razz Embarassed Crying or Very sad Evil or Very Mad Twisted Evil Rolling Eyes Wink
 
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