Business View Caribbean | February 2021

23 BUSINESS VIEW CARIBBEAN FEBRUARY 2021 Union and Inter-American Development Bank to implement policies, programmes and projects to the benefit of all citizens not only for the current time frame, but for generations to come. The Ministry has a staff size in excess of 600- 700 persons from contract staff, public service professionals, consultants and specialists plying their skills in all of the areas mentioned above. Some of the key specialized areas of priority for staff include project management, change management, physical planning, project monitoring and evaluation, policy analysis, business analysis, economics and in areas of support such as HR, accounting, law, corporate communications and others. The Ministry also supports many of the other government agencies in their major projects and programmes and helps guide their fiscal/capital expenditure. One essential role of the Ministry of Planning and Development is the management of the Public Sector Investment Programme (PSIP). The PSIP is a strategic development planning tool utilized by the Government of Trinidad and Tobago to support the nation’s social and economic transformation agenda. It represents the capital expenditure component of the National Budget, which includes spending that goes into the creation of the country’s assets such as schools, colleges, hospitals, roads and bridges as well as specialized socio-economic programmes. Securing and maintaining the nation’s assets is a key contributing factor to national development as the Government’s efforts to improve productivity through smart and quality infrastructure is fully articulated. Every year, projects and programmes are funded by capital expenditure to also ensure that the Government is keen on attaining their goal of TR INIDAD AND TOBAGO MINI STRY OF PLANNING AND DEVELOPMENT Minister of Planning and Development, Camille Robinson-Regis addresses delegates at a Caribbean Development Bank Board of Governors Forum in Trinidad and Tobago. Provision of facilities, equipment and programmes for education is one main goal of the Public Sector Investment Programme (PSIP).