Report: How Trinidad and Tobago's economy stands to benefit from the transition away from cash

Despite the adoption of new technologies across a variety of industries prior to the pandemic, studies pointed to Trinidad and Tobago's dependence on cash as a significant factor limiting potential economic growth. In light of the fiscal pressures and economic slowdown caused by the pandemic, the government and the private sector have responded with robust monetary and fiscal measures and have introduced a digitalisation agenda with a vision to spur innovation and introduce new products and services. From cost savings and greater financial inclusion, to the creation of new companies and government revenue streams, a less cash-reliant economy has the potential to yield substantial dividends for the twin-island nation.

Click here to download full report.

Share

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart

Read Next:

In The Americas

How can the tourism industry achieve net zero?

A report published in November last year by the World Travel & Tourism Council (WTTC), in collaboration with the UN Environment Programme and Accenture, has highlighted some of the challenges...

In Financial Services

Report: How can sustainable finance support the transformation of...

With the world economy heading into a complex post-pandemic recovery, GCC governments have outlined a wide-ranging set of environmental targets – and shone a stronger spotlight on sustainability...

Latest

Jean-Christophe Durand, CEO, National Bank of Bahrain (NBB); and Dana...

What must banks consider when adapting their organisation and activities to environmental, social and governance (ESG) principles?