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T&T economy set to grow strongly next year by 5-7%
In reply to bravos
De Fraud coming soon. Stay tune
In reply to sudden
Hahaha...
Get the fraud cage ready..
Two idiots discussing the Economy ...something they know nothing about..
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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 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.
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Keep braying
T&T Comments:
Claire Rostant
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. Its 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 !....
In reply to sudden
Easy easy..
Its beyond you two bobolees, you two takes being a moron down to a whole new level.
sigh
In reply to bravos
That too small
In reply to sudden
Oh skites, lol yeah !
In reply to bravos
He come, he gone, it still stinks
In reply to sgtdjones
Now four idiots- me included- come nah
bring Jerk Pork
In reply to Barry
He fraid you bad Barry..
At this point, TTs economic performance reflects 2005 levels and although the IMF has painted a growth, the countrys 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
In reply to sudden
You shouldn't talk about small, with your girth....sigh
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 ...
In reply to Barry
Lol that poor character and his imaginary d*ck !
Ole Barbie doll fraud still cutting and pasting
In reply to sudden
Poor ting have it bad..
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.
In reply to sgtdjones
What facts? What a self serving idiot
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....
In reply to sgtdjones
You are reading
.
In reply to sgtdjones
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
In reply to sgtdjones
I
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
In reply to sgtdjones
I agree with valmiki
In reply to bravos
Bravs Ive worked with the imf during these consultations (in a small capacity) back when I was in the ministry. The thing is they heavily rely on the data and info that we provide. So I dont ever just take what they say and run with it. I am not as optimistic as them
In reply to Jabari18
hoping Gas and oil prices rise and more taxes. Right now were in a period where were producing an insufficient amount of natural gas, the crude oil levels have declined and here we are trying to survive going forward. T&T has had a number of consecutive fiscal deficit budgets which means that T&T is using borrowed money to support lifestyles. So acquiescing to the demands and the political impact that all of the advocates and the activists were having on the political perception of the quality of governance from this party in power.
In reply to Jabari18
Requests have come flooding in to Beijing from Kyrgyzstan, Sri Lanka and a number of African nations, asking to restructure, delay repayments or forgive tens of billions of dollars of loans coming due this year.With each request, Chinas drive to become the developing worlds biggest banker is backfiring. Over the last two decades it unleashed a global lending spree, showering countries with hundreds of billions of dollars, in an effort to expand its influence and become a political and economic superpower. Borrowers put up ports, mines and other crown jewels as collateral. One of the earliest successes of China's debt-trap diplomacy was in securing 1,158 square kilometers of strategic Pamir Mountains territory from the Central Asian nation of Tajikistan in 2011 in exchange for debt forgiveness.
Last year, with more than $1 billion in debt to China, Sri Lanka handed over a port to companies owned by the Chinese government. Now Djibouti, home to the US militarys main base in Africa, looks about to cede control of another key port to a Beijing-linked company.Some call this debt-trap diplomacy: Offer the honey of cheap infrastructure loans, with the sting of default coming if smaller economies cant generate enough free cash to pay their interest down. Pakistan and Nepal turned down Chinese infrastructure loans last year in favor of other sources of funding. Chinese investment have the potential to address infrastructure gap, but its approach has led to mounting debt and few, if any, jobs in most countries.
China is politically on the back foot, said Andrew Small, senior fellow at the German Marshall Fund. Should China foreclose on those loans, he added, they would be taking over strategic assets in countries that now cant afford to feed their people.At the same time, the financial stakes are huge. Water-rich Laos handed China majority control of its national electric grid after its state-owned electricity companys debt spiraled to 26 percent of national GDP.The Kiel Institute, a German research group, pegs Chinas lending to the developing world at $520 billion or more, with the vast majority doled out in the last few years. That makes Beijing a bigger lender than the World Bank or the International Monetary Fund. With its international loans surpassing more than 5 percent of the global GDP, now, as the world economy reels, countries are increasingly telling Beijing they cant pay the money back. In fact, such is the lopsided nature of the Chinese-dictated contracts that, while curtailing the options of the borrowing nations, they give Chinas state-owned banks untrammeled discretion over any borrower, including the power to scrap loans or even demand full repayment ahead of schedule, according to the study.Many Chinese loans, in fact, have not been publicly disclosed, thus spawning a hidden debt problem. many of Chinas loan agreements incorporate collateral arrangements, such as lender-controlled revenue accounts. Its collateralization practices seek to secure debt repayments by revenues flowing from, for example, commodity exports.
Some people in China began questioning whether their hard-earned money was being squandered abroad. Despite Chinas growing wealth, its households still have incomes less than a quarter of those in developed countries.
NY Times
Can you tell me what the terms are for T&T loans with China and the collateral? Check out what happens when its due and you cannot pay loans back to China.
Cut and paste in all yuh waist
In reply to Jabari18
Let's wait and see nah...even the naysayers are speculating..
In reply to sudden
Chap chap chap..
In reply to sudden
See how I can make you look stupid .....
I provide facts based on my ability to read and assimilate , thus I can answer questions .
Such you cannot refute, so its simple to attack me.
I see you are clueless when you post cut and paste .Why reinvent the wheel, when such facts are readily available
Now, do you understand why I call your fat rass a looser.
In reply to bravos
Bobolee
Go and live in your caged home ...ok
Since you are like Sammy can only clap...typical arse kisser.
There's one pathetic lying fraud here and everyone knows him well,lol .
Fraud doesnt have an original thought to save his life
In reply to sgtdjones
I am trying to have a conversation with you not the internet
In reply to sudden
You know how hard it is to try and have discourse with someone who only replying with whatever they find on the internet
In reply to bravos
I hope for the best but by nature in terms of economics I always underproject.
In reply to Jabari18
You have time, pardna
In reply to Jabari18
Lol you're such a nice guy Bari ..
In reply to Jabari18
I asked the above....
I am providing facts....that are available.
All you have to do is read .
Refute them....see how simple it is ..
but since you cannot....bye
In reply to sudden
Fraud doesnt have an original thought to save his life
Typical fraud...
In reply to sudden
All yuh play with this man
In reply to sgtdjones
Following up on Your fears, then Guyana dead . . . you tell Narper
China has invested over $8 billion in mainly six Caribbean countries between 2005 and 2020 focused on the tourism, transportation, extractive metals, agriculture, and energy sectors.
Jamaica: $2.68 billion
Trinidad and Tobago: $1.94 billion
Antigua and Barbuda: $1 billion
Bahamas: $350 million
Cuba: $600 million
Guyana: $2.49 billion
A China-backed $3.1 billion loan and investment package to the Dominican Republic included $1.6 billion for infrastructure projects, $400 million for a new freeway, and $300 million for a new natural gas power plant.
China is a non-borrowing member of the Caribbean Development Bank and a member of the Inter-American Development Bank (IADB).
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I don't see Jerk Pork and Chrissy complaining
In reply to Barry
Lol @ Jerk Pork .
Barry you've got the measure of that fraud rel good...
allyuh. For the new year. Try to be nice to stupidjones plz.
Or at least leave him on his own to copy-paste his no-reply nonsesense.
the Little fat fruit-picking barbie-doll freak deserves a lil break.
Is a whole year the man begging people to send him $10,000.
I offered $7.00 TT.
In reply to VIX
One USD .
In reply to VIX
I am offering him my two cents worth . . . by bank wire
In reply to Barry
Do you know the difference between Invested and Loan? are you people this dense?
Moron tell us what China loaned and the collateral, terms of loan interest?
Jabari ran when I asked the above?
Its difficult to refute facts.
T&T Guardian
"Additionally, it is the first time since 1986 that the economy has suffered three consecutive years of negative growth and all financial projections point to a fourth. "Total exports have declined by over $6bn for the period January to June 2019 cf the same period in 2018. There has been zero FDI in the non-energy sector and forex reserves have dwindled to US$7bn from US$11.4bn. The situation is dire. At the current usage rate four or possibly five years are left," he warned.
That new figure includes the existing debt inherited from the former administrations and now includes the $3 billion for newly-proposed La Brea Dry Dock facility and the $1 billion plan for Phoenix Park.
Prior to the 2019 Budget presentation, Finance Minister Colm Imbert said T&T owes the Peoples Republic of China $2.229 billion.
T&T Newsday
In reply to sgtdjones
Debt is flying up yuh arse?
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In reply to sgtdjones
Let's talk about Canada's debt
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In reply to Barry
You know why I tend to ignore you , you cannot face facts , you are to stupid. Look at what you posted, it makes no sense.
Trini's instead of looking at their own problems always want to compare it with others.
Being a pragmatist, I see why in Trinidad optimism is very difficult. Living in fear of one's life every day. A health system that scares you rather than comforts you. Government offices where the work ethic is one of the worst in the world. Extreme taxation. Political theft. An economy that should have been diversified 40 years ago. Politicians that are purposefully divisive for votes. And of course I can probably list two pages more. These realities leave sparse room for optimism.
In reply to sgtdjones
OTTAWA, Oct 18 (Reuters) - Prime Minister Justin Trudeau's new government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic crisis, analysts say.
This could be a risky strategy for the country, which piled on new debt at a faster pace than any of its Group of Seven peers during the pandemic. The high level of indebtedness could limit Canada's ability to manage long-term challenges that require massive government funding, like transitioning from a fossil fuel-reliant economy to a green one.
Canada's gross debt-to-GDP ratio jumped 36% last year to 118% amid massive government transfers of aid to individuals and businesses, by far the largest increase of the G7 group of wealthy nations.
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In reply to sgtdjones
Trini's instead of looking at their own problems always want to compare it with others.
Keep ignoring me jackarse . . . meanwhile compare Canada's debt
In reply to Barry
Idiot, all countries debt jumped , but Canada can pay its debt .
Canada debt before pandemic was approx. 650 billion, GDP 1.643 trillion USD (2020)
WE have many minerals , oil, gas , gold , diamonds, uranium, silver etc
T&T will soon not be able to pay its debt ....China will come calling.. learn Mandarin
In reply to sgtdjones
Politicians that are purposefully divisive for votes. And of course I can probably list two pages more. These realities leave sparse room for optimism.
The evidence is right there, piled up all around him, yet Trudeau cant figure out how hes failed to bring Canadians together. Heres a suggestion: talk to some voters who havent been gathered by loyal organizers to nod their heads at your every pronouncement. Spend some time in some constituencies youre about to lose, and listen to the reasons why. Get over yourself. Look in a mirror. It couldnt hurt.
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Preach brother fatso
In reply to sgtdjones
I speak Mandarin and Cantonese
In reply to sgtdjones
We have gas from your bloated belly
In reply to Barry
You are a Trini , you can do everything ....and number one in everything . All BS.
Bye, I have had enough of ya BS....
I have a strong proclivity toward idiots....
In reply to sgtdjones
Trini's instead of looking at their own problems always want to compare it with others.
Like you I am Canadian let's look at our problems
In reply to sgtdjones
They number one up yours
In reply to sgtdjones
I have a strong proclivity toward idiots....
In reply to sgtdjones
I never ran. I choose to not engage in you if all you gonna do is post other peoples thoughts
In reply to Jabari18
They are facts, and you cant refute them.
Its the reason you cant engage in a debate. So cut out the crap.
I asked you a question, didn't you see it.?
In reply to Barry
Ediot
I prefer to work with people that have a proclivity to be efficient ,factual, not BS that you post.
In reply to bravos
need to fix the murder rate
In reply to doosra
Yeah it spiked a few months ago,I felt each one, it was trending well before that...and the stupid govt fired Gary.
Hearing he's forming a party for next election..I will definitely support him if all goes well,he's a proper manager.
In reply to sgtdjones
You learnt a new word
In reply to bravos
Yea all kinda bobol take place with that firing of GG. We were trending in the right direction with him
In reply to Jabari18
Definitely ..
In reply to bravos
Jacobs say he is the worst thing ever
In reply to bravos
Wait Gary ever received the letter/ email from De Fraud or his lawyer?
In reply to sudden
Guess its no longer valid
In reply to sudden
Gary come and Gary gone and me still ain't get de letter yet on STDFraudJones complaint. I guess similar may happen to his d*ck. Covid come covid go and his d*ck will still be a stock photo and probably outdated by then..
In reply to bravos
He is no longer answering this- remind him he is accountable
Jerky, how your country going?
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