Caribbean Investment IQ December 2013 | Page 76

For us in the region, and indeed in Trinidad and Tobago, the issue should not just be viewed as an overly simplistic contrast between the private sector (the market) and the government. It really should be a more complex question of the nature of relationships among market, nonmarket, government and state, and voluntary institutions, and the particular forms that the government intervention takes and the role of the governance structure in providing an enabling environment for sustainable economic growth and development. Dr. Marlene Attzs Deputy Dean (Distance and Outreach) Faculty of Social Sciences and Lecturer, Department of Economics The University of the West Indies St. Augustine Campus, Trinidad and Tobago “The process of privatization or state divestment began in Jamaica in early 1980s. A divestment policy, at that time, was proposed to ensure that public funds were not used to finance the operations of inefficient enterprises and to reduce the burden on the budget of the Government of Jamaica (GOJ)” . C. Wainwright Iton General Manager and Chief Executive Officer Trinidad & Tobago Stock Exchange (TTSE) The swift and urgent implementation of the goals, objectives and strategies outlined in the Medium-term Growth and Development Strategy 2013-2020 is vital to the realization of positive growth levels. The envisaged positive growth levels for Barbados hinges however on the return to favorable growth within the global economy, particularly the USA and Euro-zone area to which Barbados economy is in- extrinsically linked. The Honorable Christopher Peter Sinckler, MP Minister of Finance and Economic Affairs Barbados First Citizens Investment Services • • • • • 76 First Citizens Investment Services offices • • • • Capital Markets Research Investment Management Wealth Management Asset Management Caribbean Investment iQ December 2013 Barbados St. Lucia St. Vincent Trinidad and Tobago (246) (758) (784) (868) 426 450 453 622 2020 2662 or (800) 788 2662 2662 3247 or (868) 653 9857