In addition, official support provided by the Trinidad and Tobago Government includes $ million through the Petroleum Stabilisation Fund, and about $ million by way of its contribution to the CARICOM Development Fund. The International Monetary Fund (IMF) considers that the medium growth outlook for many countries in the CARICOM region will be subdued.
Excluding Trinidad and Tobago for the moment, the IMF envisages only: i) a slow recovery in tourism demand because of weaker growth in the advanced economies; ii) increased competition for scarce foreign direct investment; and iii) external shocks, including natural disasters, which could undermine economic stability due to limited fiscal space and high debt levels.