Non-energy diversification key: Trinidad and Tobago’s Williams
While oil and gas have played a prominent role in the growth of Trinidad and Tobago, the non-energy private sector would have to take its place going forward, said Ewart Williams, the governor of the Caribbean country's central bank.
In a speech to a business conference last Thursday, Williams pointed out that non-energy companies had suffered as a result of soaring oil and gas prices between 2001 and 2007. Buoyancy in the energy sector had spilled over into surging government revenues and
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