Last update: 11-Dec-2013 6:16 am
Wednesday, December 11, 2013
Trinidad & Tobago Guardian Online
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Howai denies holding back IMF report
Finance Minister Larry Howai yesterday denied claims that the Government attempted to withhold publication of the IMF Article IV Report. Howai described as “entirely inaccurate” a claim by Leader of the Opposition Dr Keith Rowley that the request for the report to be published came one day before the September 9 budget presentation. “The IMF provided the final version of the report to the Ministry on August 29, 2013. The report was subsequently submitted to Cabinet on September 13, 2013, for approval to publish the report.
Cabinet gave its approval on September 19, 2013, and the Ministry conveyed verbal agreement to the IMF to publish the report on September 28, 2013. The report was then published by the IMF on October 3, 2013,” he explained.
The minister reiterated: “It is also very important to note that the report points to a recovery in 2013, with real GDP growth being projected at 1.5 per cent; an overall growth of 2.5 per cent in the non-energy sector driven by the finance, distribution, and construction sectors and a manageable gross non-financial public sector debt at 39 per cent of GDP. “In the light of such favourable findings on the progress we have made, it is not really sensible to suggest that this Government will attempt to withhold its publication.”
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