Trinidad and Tobago, as the economically strongest regional partner, will need to bear a significant part of this burden. There is an argument that since Trinidad and Tobago has the most to gain, given its dominance in intra-regional trade, this is how it should be. Since 1994 CARICOM countries have been involved in a regime to achieve macro-economic convergence.
The regime incorporates targets for low inflation and exchange rate stability, a fiscal deficit of no more than 3 percent of GDP, a ceiling on external indebtedness, and a floor for external reserves.