Story perspectives

Boost Remittances: Key to Trinidad and Tobago's Economy

1/27/2025

41 4

Summary

Story summary

Dr. Roger Hosein emphasizes remittances as a vital solution for Trinidad and Tobago's foreign exchange challenges, with a potential annual impact of $647 million.
The country currently receives just 1% of GDP in remittances, well below the Caribbean average.
Hosein calls for policies to boost remittances, noting their stability and role in development funding.
Dr. Dilip Ratha stresses remittances' significance over foreign investments and proposes diaspora bonds as a financing alternative.

1 of 1

Story summary

Dr. Roger Hosein emphasizes remittances as a vital solution for Trinidad and Tobago's foreign exchange challenges, with a potential annual impact of $647 million.
The country currently receives just 1% of GDP in remittances, well below the Caribbean average.
Hosein calls for policies to boost remittances, noting their stability and role in development funding.
Dr. Dilip Ratha stresses remittances' significance over foreign investments and proposes diaspora bonds as a financing alternative.