Imbert: Economy will suffer if Petrotrin is prevented from moving forward
- Finance Minister Colm Imbert has warned that Trinidad and Tobago’s economy will suffer “profound implications” if Petrotrin is prevented from moving forward with its restructuring plan.
- He said just yesterday he received a letter from Petrotrin asking for financial support by giving Government guarantees for financial facilities to three banks to the tune of TT$1.2 billion and when he signs this it immediately pushes this country’s debt profile up.
- Imbert said these financing facilities need to be refinanced on or before October 15.
Source: Trinidad Express