The Abyss Beckons
I maintain it is our foreign reserves that have kept this economy afloat and not any wizardry of Finance Minister Colm Imbert or his Prime Minister Dr Keith Rowley. They met a healthy US$10.4 billion in reserves in 2015, plus a Heritage and Stabilisation Fund of almost US$6 billion as well as significant borrowing space to finance national development. But they squandered the countryâs economic security, paying no attention to reserves replenishment even though earnings from the energy sector had dropped permanently from a global revolution unfolding before them. Instead, they waited foo...
Source: trinidadexpress.com