Cover -- Contents -- Executive Summary -- I. Introduction -- II. Recent Economic Developments -- III. Policy Discussions -- A. Policies for 2007: Reducing Inflation -- B. Medium-Term Policies: Ensuring Fiscal Sustainability -- C. Medium-Term Policies: Promoting Sustained Nonhydrocarbon Growth --...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...

Contents -- EXECUTIVE SUMMARY -- I. BACKGROUND -- II. RECENT ECONOMIC DEVELOPMENTS -- III. POLICY DISCUSSIONS -- IV. STAFF APPRAISAL -- APPENDIX I TRINIDAD AND TOBAGO-FUND RELATIONS -- APPENDIX II TRINIDAD AND TOBAGO-RELATIONS WITH THE WORLD BANK -- APPENDIX III TRINIDAD AND TOBAGO-RELATIONS...