Finance Minister Davendranath Tancoo has indicated that the Government of Trinidad and Tobago will not comply with any recommendations from the International Monetary Fund (IMF) that contradicts its development plans. This announcement was made following a routine assessment by IMF economists to review the country’s financial health. The commonly suggested IMF measures include reducing transfers, subsidies and devaluing national currencies. However, Tancoo stated these do not always align with the Government’s objectives. He emphasized the nation’s focus is on improving the lives of its citizens, which requires a unique creative approach that the IMF’s data-oriented recommendations often dismiss. While they will consider IMF’s suggestions, they will not let it dictate their developmental goals. Tancoo referenced the United National Congress’ (UNC) manifesto, the Revitalisation Blueprint, and the transition of the energy sector as proof of the Government’s proactive approach to current economic conditions. In response to questions about devaluation of the TT dollar, Tancoo stated no decision has been made yet, pending the IMF’s 2026 Article IV consultation report.
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