The Trinidad and Tobago government has renewed the contract of Central Bank Governor Dr. Alvin Hilaire for a third term, despite critics claiming he is a puppet of Finance Minister Colm Imbert.
Hilaire, serving for eight years, initially became governor in 2015. In 2020, he advocated for public vetting of Central Bank appointments for greater accountability, emphasizing transparency and regular explanations to the public. Under his leadership, the Central Bank executed demonetization of cotton-based notes during the pandemic and focused on financial literacy, digital currencies, and increasing financial inclusion, calling for reduced bureaucracy in opening bank accounts
