Trinidad and Tobago's pre-pandemic ICT policy included an ambitious digitalisation drive to foster economic development and advance digital government. However, the onset of the pandemic gave the country a fresh impetus to develop its digital ecosystem and roll out innovative solutions to respond to the crisis. With a new Ministry of Digital Transformation leading digitalisation efforts, government…
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…
En Español – Circular economy principles have received a boost following the pandemic – In February the UN launched a circular economy coalition for Latin America – Recycling and 4IR technologies will prove key to sustainable growth – The circular economy could generate 4.8m jobs across the region by 2030 As Latin America continues its economic recovery from Covid-19, countries…
Despite the recent spike in cases, Trinidad and Tobago responded to the onset of the pandemic swiftly and comprehensively, not only through containment measures but also fiscal and monetary interventions. These steps, coupled with a robust health care system and a young population, helped it remain resilient in the face of declining global commodity prices in 2020. Similar to other energy-focused…
On the oil and gas industry’s transition to sustainability How do you assess the impact of the Covid-19-induced crisis on the natural gas industry? MARK LOQUAN: The Covid-19 pandemic erupted during a challenging period for the oil and gas industry. From a business perspective, energy prices were already in a downcycle prior to the pandemic due to a surplus of output worldwide. Prices then fell…
The petrochemicals and logistics sectors have been some of the most exposed industries in Latin America and across the world during the past 13 months. Both critical to the region’s economies, they faced substantial headwinds in the early months of the pandemic, such as closed borders and strict measures on industrial operations. For petrochemicals and chemical firms, the immediate impact has been…
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