September 1, 2002
Few Latin American countries have more money than they know what to do with. But Trinidad and Tobago, with it is fabulous oil and gas reserves, has a serious liquidity problem that is likely to get worse in the years ahead. Since 1998, international oil and gas companies have invested nearly $4.5 billion in this lush green island, just a stone's throw off Venezuela's coast, to explore for and develop reserves that promise an even greater bonanza. Additional investments in the energy sector should boost oil- and gas-related revenues by $8-$10 billion over the next five years in a country that only has 1.3 million people.
Trinidad and Tobago has more money than it knows what to do with. A debilitating political deadlock is making dealing
with this abundant liquidity an even greater problem.