December 1, 2002
On October 7th, Patrick Manning, the leader of the People's National Movement party, became prime minister of Trinidad and Tobago after winning a parliamentary majority in elections that month. His victory ended a political deadlock that had paralyzed the country for nearly a year. Neither Manning's party nor the opposition United National Congress held a majority in the 36-member parliament. Now that Manning has a four-seat parliamentary majority and a five-year mandate, he can begin to address a number of important issues put on hold during the 11-month stalemate. Among the decisions awaiting the government are several initiatives to develop the country's capital markets.
Trinidad and Tobago?s embryonic capital markets could
get a much-needed boost, now that the country?s 11-month political stalemate is over.