The governor of the Central Bank of Trinidad and Tobago has written to the country’s finance minister to warn the government it has seriously overdrawn from its account at the central bank.
In a letter sent in September 2017, Alvin Hilaire warned the finance minister the government had used up 99.7% of its overdraft facility at the central bank.
“We have a couple of million left in the account,” finance minister Colm Imbert admitted at the national post-budget meeting held on October 7.
- EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
- Reserve management practices are splintering
- Caputo quits as Argentina central bank chief
- Female regulators increase stability of the financial system, IMF paper finds
- Booming US economy set against ‘fragile’ markets – BIS review