Belt tightening, budget cuts, and a call by Prime Minister of Trinidad and Tobago Dr Keith Rowley for national sacrifice as the twin Island Republic's oil and gas based economy deals with dismal fiscal projections as a result of falling oil and gas revenue.
Blog | Things That Matter
The year 2015 is about to say bye bye. What a tumultuous 12 months it has been. For most sport fans, their memorable moments would surround the FIFA scandal and the IAAF revelations regarding Russia. Both stories stole the thunder from the many outstanding achievements on the field.
How serious do we take the achievements of our Olympic athletes? Do the people of Trinidad and Tobago appreciate the effort that is required of our Olympians and those who aspire to be a champion?
The harsh reality is not all sport organisations are positioned to survive the difficult times.
Getting ready for the Rio Olympic Games from August 5-21 next year, is more complicated than it was during the build up to previous Games. The general loss of confidence, in where T&T may be economical, are playing on the minds of most people actively involved in the Olympic preparation.
Structural adjustment or recession, whatever the experts choose to call it, the reality is there is not enough money flowing in the system here in T&T. How do we create more cash flow? What can we do?
The announcement by Central Bank Governor Jwala Ramarran that the country is in recession and the effects will be felt next year (An Olympic Year) has not surprised the Trinidad and Tobago Olympic Committee (TTOC ).
Most people believe that sport administrators live a life sipping champagne, munching on caviar and operating in and out of five-star hotels.