When all is said and done by the Government, the Opposition, the business community and others who examine and comment on the economic road ahead, the Central Bank’s Monetary Policy announcement of December 2025 points directly to the state of the economy and the challenges for the immediate future.
“The positive effect of higher energy production in the second quarter of 2025, driven by two new natural gas fields, may be partially offset by a non-energy sector that is losing momentum across several sub-sectors. This suggests that the domestic economy is still in need of support to engender a sustained recovery.”
Stated differently, with a historical perspective attached, the Central Bank is saying that the economic alignment of the post-colonial period remains unchanged. That means even if Trinidad and Tobago makes it through the rain and reign of the possibility of an outbreak of war, and even if a long-term Office of Foreign Assets Control (OFAC) licence is procured, the immediate and short terms still depend on us overcoming our post-colonial economic challenges.
Wrapped inside that bundle is the requirement which fell on the country after gaining political Independence from Britain. That was and continues to be the responsibility to reshape the local economy and society into one which can spread from its original moorings into a creative, productive one able to take on the challenges of being dynamic in an ever-changing international political and economic environment.
Achievement of the objective is compounded by a world of hostility, with the potential for war permanently on the agenda. The Central Bank’s report conservatively estimates the impact: “Geo-political tensions and trade policy uncertainties impacted international energy prices.”
One element of the journey forward is deeply immersed in matters outside of technical economic projected prescriptions, and more to do with the population of the country, led by those elected to govern, taking on the developmental challenges of nationhood.
Over the period of Independence, there has been a reluctance to mount the challenges from a platform of collective responsibility. The society, in its disparate parts, has to learn to act collectively as a nation determined to move away from the interminable and senseless political pulling and tugging and attempts at one-upmanship. Of particular importance to our future state are the attitudes and operations of both the Government and the Opposition.
The electorate has settled the issue for the next five years; the United National Congress and its associated coalition of partners are in office. The People’s National Movement now has the responsibility to prove itself to be a government in the making.
Nonsense old talk, acidic exchanges not only between leaders of the parties, but those which attack and seek to diminish the integrity and viability of the nation and its people, have no positive effect. For thinking people, negative signals are raised about the ability of either side to successfully govern the country towards the economic and social objectives required.
Increasingly, citizens at all levels of society must also take up their Jahaaji and Georgie bundles and walk with them to a productive future in the social, political and economic spheres of existence.
There is no need for anyone to point out the unproductive nature of the internecine conflicts when there is serious work to be done.
