PriceS­mart Inc’s Trinidad sub­sidiary in­creased its bor­row­ings by a fur­ther US$20.84 mil­lion dur­ing the third quar­ter end­ed May 31, tak­ing an­oth­er step to se­cure US dol­lar liq­uid­i­ty for its lo­cal op­er­a­tions as for­eign ex­change (FX) con­straints re­main a fea­ture of do­ing busi­ness in T&T

The com­pa­ny dis­closed last week that the ad­di­tion­al bor­row­ing was un­der­tak­en to pro­vide greater US dol­lar liq­uid­i­ty. It fol­lows the US$70.43 mil­lion bor­rowed in mid-2024 to fi­nance the con­struc­tion of its dis­tri­b­u­tion cen­tre and set­tle in­ter­com­pa­ny payables. The new dis­tri­b­u­tion fa­cil­i­ty at Phoenix Park In­dus­tri­al Es­tate, Savonet­ta, opened in Feb­ru­ary 2026 at a cost of US$15 mil­lion.

Dur­ing Thurs­day’s earn­ings con­fer­ence call, PriceS­mart chief fi­nan­cial of­fi­cer Gual­ber­to Her­nan­dez said, “As I said be­fore, I think the most im­por­tant thing is that maybe all oth­er things that we are eval­u­at­ing in­ter­nal­ly to ei­ther re­duce our need for US dol­lars in Trinidad or get more cre­ative ways, al­ways, of course, com­ply­ing with all the reg­u­la­tions to get ac­cess to those dol­lars.”