He was a panelist at the 'Managing in a Recession' seminar hosted by the CTS College Of Business and Computer Science at the Hyatt Regency on Thursday.
"All they would like to do is to make sure that Trinidad and Tobago do its part to fit in the global economy at our own expense. It will not be in our own national interest. So I say definitely, absolutely, in no way do we need the IMF and World Bank to help us solve the problems we can solve ourselves."
He stressed the importance of buying local, especially in time of recession.
"Every time we buy foreign, we prolong the crisis. Every time we buy foreign, we kill the economy. Every time we buy foreign, we come closer to running in the arms of the IMF and World Bank. We need to rethink how we understand ourselves in this world."