The Socio-Economic Policy Planning Division (SEPPD), has as its core responsibility, leading the national socio-economic development planning process, formulating and co-ordinating the implementation of an integrated set of medium-term and long term policies and strategies in collaboration with other government agencies and stakeholders. The Division is responsible for the formulation and continuous review of medium and long-term development plans in consultation with stakeholders and is required to:
- Inform and assess national policy based on sound socio-economic research;
- Inform the development of and review of sector plans;
- Provide policy direction to Ministries, agencies, as well as national, regional and international organizations to guide strategic interventions; and
- Assist with setting realistic performance targets for the economy.
Key responsibilities of the Division are:
- Providing the framework and coordinating mechanism for holistic, integrated national policy development;
- Developing and reviewing medium and long-term national development plans in consultation with stakeholders;
- Advising on sectoral reform initiatives by Government Ministries and Agencies to address sectoral deficiencies;
- Ensuring consistency between regional policies and plans and Central Government policies and plans;
- Coordinating inter-sectoral policy and strategies;
- Monitoring and on-going review and assessment of the impact of social and economic policies;
- Researching and analysing domestic and international social and economic trends and issues to facilitate evidenced-based national policy development;
- Measuring, monitoring and reporting on human development for continuous improvement in the quality of life; and
- Facilitating the mobilisation of and coordinating financial resources and technical assistance from regional and multi-lateral development organisations to support national development.
SEPPD comprises a mix of public service and contract officers with a view towards fulfilling, not only its established mandate, but other special assignments and projects that are assigned to the Division from time to time by the Minister, after consultation with the Permanent Secretary.
Inter-American Development Bank (IDB) Relations
The SEPPD has responsibility for ministerial oversight of the Bank’s operations in the country and functions as the Government’s Political and Technical Focal Point. It is the official Government entity for purposes of communication with the Bank. The Division plays an extremely pivotal role in facilitating the effective implementation of Bank-funded programs and projects, as well as ensuring that activities are consistent with national development priorities.
Caribbean Development Bank (CDB) Relations
The SEPPD also serves as the national focal point between the CDB and this country, where currently the Minister of Planning and Development serves as Trinidad and Tobago’s Governor on the CDB Board of Governors. The Permanent Secretary in the Ministry of Planning and Development sits on the Bank’s Board of Directors. The Division provides technical support to the Honourable Minister and Permanent Secretary for preparation of meetings.