Trinidad and Tobago: Pan Trinbago Reports Financial Surplus and Loan Repayment

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Pan Trinbago, the governing body for steelpan music in Trinidad and Tobago, has reported a financial surplus of $6 million and the complete repayment of a $5 million loan from First Citizens Bank. This announcement was made by President Beverly Ramsey-Moore during the organization’s Annual General Meeting (AGM) held on October 5 at the VIP Lounge in Queen’s Park Savannah, Port of Spain.

Ramsey-Moore stated that Pan Trinbago is currently in its strongest financial position in years. She indicated that the organization does not foresee any cuts in prizes, assistance to bands, or players’ remittances as the national budget approaches. The president emphasized the commitment of Pan Trinbago to financial accountability, highlighting that the organization has received unqualified audited financial statements for five consecutive years.

During the AGM, which saw representation from over 119 bands, each with two delegates, Ramsey-Moore expressed optimism regarding potential positive allocations in the upcoming national budget that could benefit the steelpan community. She noted that the gathering was a successful event, reflecting the active participation of the steelpan community.

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In her remarks, Ramsey-Moore also discussed the broader role of Pan Trinbago in national development, extending beyond the annual Panorama competition. She mentioned the importance of collaboration with various government sectors to enhance the impact of steelpan music in the country.

Addressing concerns raised by members regarding the current administration’s support for Pan Trinbago, Ramsey-Moore stated that initial tensions have been resolved. She reported that a positive working relationship is developing with the new Culture and Community Development Minister, Michelle Benjamin.

Treasurer Lauren Pierre confirmed the organization’s financial health, stating that the reported surplus and the repayment of the loan reflect Pan Trinbago’s effective financial management. She reiterated the importance of transparency and accountability in their operations, assuring members and potential partners of the organization’s readiness for future endeavors, including the upcoming Panorama event.

Overall, the AGM served as a platform for members to discuss the future of Pan Trinbago and the steelpan community, with a focus on maintaining financial stability and fostering relationships with government entities. The positive financial report and the commitment to transparency are seen as steps towards ensuring the continued growth and support of steelpan music in Trinidad and Tobago.

As Pan Trinbago looks ahead, the organization aims to build on its financial successes and strengthen its role in the cultural landscape of the nation. The upcoming national budget will be closely monitored for allocations that could further support the steelpan community and enhance the organization’s initiatives.