An MP is echoing a sentiment that the recent injection of US$25 million into a foreign exchange window is a “temporary fix” for forex challenges.

On Sunday, Finance Minister Colm Imbert announced the restart of the programme which was launched in 2020 to meet the needs for essential imports during the COVID-19 pandemic.

However, Chaguanas West MP Dinesh Rambally says the move was described by former Minister Mariano Browne as failing to tackle the systemic issues at the heart of T&T’s forex challenges.

Mr Rambally believes declining revenue from oil and gas is a central factor in the situation.

The MP insists that economic diversification and increased local production are critical in restoring balance in forex supply and demand.