The Government of Trinidad and Tobago has signed a comprehensive Establishment Agreement with the World Bank Group, paving the way for the organisation to establish and operate offices in the country for the first time.
The agreement was signed on Thursday at the Diplomatic Centre in Port of Spain by Prime Minister Kamla Persad-Bissessar and senior representatives of the World Bank Group, including the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, and the Multilateral Investment Guarantee Agency.
Prime Minister Persad-Bissessar described the move as a major step in strengthening Trinidad and Tobago’s development agenda and restoring international confidence in the nation’s economic framework.
She said the agreement would bring the World Bank Group’s expertise, financing, and global reach directly to the country, supporting economic diversification, job creation, and sustainable development.
A key focus of the agreement is the expansion of structured public-private partnerships in sectors such as transportation, water management, education, and healthcare.
The Government says this will improve infrastructure delivery and attract greater private investment.
The International Finance Corporation has already invested more than US$670 million locally, while discussions are underway for a multibillion-dollar investment pipeline valued at up to US$5 billion over the next five years.
