IMF recommendations for Trinidad and Tobago: Strengthening Fiscal Position and Financial Integrity for Economic Resilience

• IMF staff visited Trinidad and Tobago for an Article IV mission
• The authorities have consented to the publication of the staff’s findings
• Strengthening the medium-term fiscal position is important to respond to potential shocks
• Efforts to enhance revenue mobilization and strengthen tax compliance are welcomed
• Measures to adjust the fiscal regime of the energy sector and boost non-energy revenue are recommended
• Progress in strengthening financial integrity and international tax transparency frameworks is commended
• Authorities are encouraged to continue strengthening domestic tax administration in line with international standards

Source: imf.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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