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Agricultural and Environmental Sectors
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Project Detail

Country

Trinidad and Tobago

Project Number

TC8803240

Approval Date

November 2, 1988

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 1,500,000.00

Country Counterpart Financing

USD 200,000.00

Original Amount Approved

USD 1,300,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/SF-3159-TT Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Nonreimbursable
Operation Number ATN/SF-3159-TT
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Nonreimbursable
Publications
Published 2024
Financial Development, Growth, and Inequality: The Role of Institutions in Latin America and the Caribbean
This publication explores the relationships between institutions, financial development, and income inequality. It assesses the extent of reforms that can promote financial development and argues that institutional improvements capable of increasing financial development can simultaneously mitigate income inequality. This work, focusing on the Latin American and Caribbean region, uses a broad set of measures of financial development, financial institutions, and capital markets. It employs a comprehensive set of inequality indicators and income definitions, as well an econometric model of the financial possibility frontier, to demonstrate that institutions contributing to financial development also help reduce income inequality.
Publications
Published 2021
Research Insights: How Can Macro-Prudential Policy Control the Impact of Cross-Border Bank Flows on Emerging Market Economies?
Advanced economies (AEs) transmit economic crisis to Emerging Market Economies (EMEs) through cross-border bank flows, impacting their output, credit, and assets prices. Empirical evidence suggests that the transmission of the crisis from AEs to EMEs is higher in the absence of macro-prudential policy. A macro-prudential policy in the form of a levy on EMEs banks, when credit grows faster than deposits, reduces the propagation of AEs crisis to EMEs: the consumption drop is 12 percent lower, and the reaction of the labor market smoother, so consumers are better off with the policy than without it.
Publications
Published 2024
Opportunities and Challenges for Agrifood Trade Between Central American Integration System and Caribbean Community Countries
This study responds to the proposal made by the Secretariat of the Central American Agricultural Council (SECAC) and the Secretariat for Central American Economic Integration (SIECA) on the need to promote spaces for integration in the area of agrifood trade between Central America and the Caribbean. It is a joint work between the Food and Agriculture Organization of the United Nations (FAO) and the Inter-American Development Bank (IDB) in the search for possible trade solutions to the food security crisis, the need to generate greater employment opportunities, economic recovery and, in general, achieve better living conditions for the Central American and Caribbean population. The document is organized into six sections: introduction; an abbreviated analysis of agrifood trade trends at the global level and between the two subregions; market access conditions between the two regions; a section defining the coverage and methodology used for the research; identification of products with trade potential; the major limitations and challenges in taking advantage of these opportunities; and, finally, the conclusions and public policy recommendations to help overcome the challenges and contribute to the goal of greater and better food security.
Blogs
Published 2023
Riding the economic waves: Trinidad and Tobago’s navigation through the headwinds
While 2022 represented a year of recovery for the Caribbean, following drastic economic contractions for many economies in 2020, exogenous economic shocks derailed anticipated progress. High fuel prices spurred increases in transportation and electricity costs across the region, contributing to rising headline inflation. The most recent edition of the IDB’s Caribbean Economics Quarterly highlights the
Blogs
Published 2022
Implications of a New Global Financial Landscape for the Southern Cone
Global financial markets are at a crossroads, subject to increased short-term uncertainty as well as structural shifts, both of which pose risks to the macroeconomic and development outlook of emerging economies. To start with, central banks around the world are aggressively tightening monetary policy to fight inflation. This has complex ramifications for exchange rate markets,
Publications
Published 2021
Independent Country Program Review Trinidad and Tobago 2016-2020
This Independent Country Program Review (ICPR) covers the Inter-American Development Bank (IDB) Group's country strategy (CS) and program in Trinidad and Tobago (T&T) over the period 2016-2020. ICPRs assess the relevance of a CS and, data permitting, provide aggregate information on the alignment and execution of the corresponding country program. ICPRs are primarily addressed to the IDB Group's Boards of Executive Directors (BoD). They seek to provide the BoD with relevant information, otherwise not readily available to them, to inform their consideration of the upcoming IDB Group CSs.
Blogs
Published 2021
Títulos verdes e sustentáveis não são modismo, são oportunidades que o Brasil deve aproveitar
Na contramão (ou talvez como efeito) do momento desafiador que caracteriza as economias globais, crescem o interesse e o espaço para um filão particular no mercado financeiro mundial: os títulos de dívida temáticos, sobretudo os sustentáveis – ou sustainaible bonds. Segundo cálculos da consultoria BloombergNEF, o volume de emissões de títulos de dívida ligados a princípios sustentáveis cresceu 29% em 2020, pleno ano de pandemia, somando US$ 732 bilhões. Por aqui, embora o mercado brasileiro ainda seja uma pequena
Blogs
Published 2023
El camino al liderazgo de una mujer caribeña
Desde una edad temprana, los niños aprenden observando, escuchando y haciendo preguntas. Sé que aprendí mucho al ver a mi padre trabajando duro, a veces en turnos nocturnos, y resolviendo problemas en situaciones desafiantes. Él me crio como padre soltero hasta los 8 años, a unas pocas millas fuera de la capital de Jamaica, Kingston.
Blogs
Published 2022
Pr.A.I.S.E. for raising the bar in the Trinidad & Tobago public sector
Public institutions and the public sector play a critical role in improving the lives of a country’s citizens. In Trinidad & Tobago, there is a need to enhance the efficient delivery of public services – one of several priorities of the Inter-American Development Bank’s 2021 – 2025 Country Strategy with the country. But while challenges
Blogs
Published 2022
Pr.A.I.S.E for the Public Sector Shines in Trinidad and Tobago
For yet another year, the Inter-American Development Bank (IDB) working with the office of the Presidency of Trinidad and Tobago, hosted the Pr.A.I.S.E for the public sector 2021. This was the fourth iteration of this prestigious award as it continues to grow in Trinidad and Tobago. The idea is to recognize innovation and service excellence
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