AN agreement is currently before the Cabinet for the World Bank to establish an office in Port of Spain, Planning and Economic Affairs Development Minister Kennedy Swaratsingh said on October 14.

"When we first got into government, the Prime Minister dispatched me to Washington, where we had meetings with the World Bank. Over the last three years or more, the World Bank has been trying to establish a presence in TT. I can safely say now, as it is before cabinet, that we are in the process of signing an establishment agreement with the World Bank to have an office in Port of Spain," he said during a TT Chamber of Industry and Commerce post-budget forum.

Swaratsingh said having the World Bank in TT had several benefits, chief among them, access to expertise and funding.