Strengthening the Financial Sector Regulatory and Supervisory Framework in Trinidad and Tobago

This project is to support the Government of Trinidad and Tobago’s efforts to reform its financial sector regulatory and supervisory framework. The technical cooperation will directly contribute to the strengthening and stabilization of TT’s financial system and reduce vulnerability to exogenous shocks by (i) assessing the current state of financial regulation and supervision; and (ii) supporting, recommending, and implementing regulatory and supervisory reforms, building on the recommendations of the IMF FSAP, international best practices, and the realities of TT’s financial sector. The impact of this TC will be increased investor confidence as a result of the improved financial sector regulatory and supervisory framework. This should lead to increased foreign direct investment (FDI) which will contribute to sustainable economic growth and competitiveness in Trinidad and Tobago.