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World Bank Opens Office in Trinidad and Tobago, Prime Minister Says Move Will Boost Investment and Diversification
World Bank Opens Office in Trinidad and Tobago, Prime Minister Says Move Will Boost Investment and Diversification
By Aurax Desk | May 02, 2026 | 2 min read
Prime Minister Kamla Persad-Bissessar hailed the signing of an agreement to establish a World Bank Group office as a “vote of confidence” that will attract foreign investment, support economic diversification beyond the energy sector and strengthen resilience against climate and economic shocks.
Prime Minister Kamla Persad-Bissessar attends the signing of an agreement to establish a World Bank Group office in Trinidad and Tobago.
PORT OF SPAIN, Trinidad and Tobago — The government signed an agreement Thursday to establish a World Bank Group office in Trinidad and Tobago, a move Prime Minister Kamla Persad-Bissessar said will bolster investor confidence, support economic diversification and help the country confront global challenges.
At the signing, Persad-Bissessar called the development “a significant milestone for the nation’s economic future,” saying it fulfills a promise to the people and underscores the government’s commitment to good governance and keeping its pledges.
Elizabeth Ann McCarney, division director of the International Finance Corporation, said a local World Bank office will give public and private sector stakeholders timely access to policy advice, data, technical expertise and project support tailored to the country’s needs.
“The establishment agreement is the foundation that will deepen collaboration between the government and the World Bank Group and enable expanded engagement aligned with the country’s national priorities,” a World Bank representative said, calling the move central to fostering economic growth, creating jobs and strengthening communities.
Persad-Bissessar emphasized that while Trinidad and Tobago will continue to leverage its competitive advantage in the energy sector, the partnership with the World Bank is intended to accelerate expansion into nonenergy industries. She said the office’s presence will act as a permanent seal of approval for the nation, signaling to global investors that Trinidad and Tobago is a stable and credible destination.
Officials also framed the agreement as a tool to enhance national resilience amid climate change, economic shocks and public health risks — challenges that disproportionately affect small island developing states.
The World Bank’s physical presence on the island is expected to facilitate greater foreign direct investment and support projects aligned with the country’s development priorities, officials said.
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