Exploring Trinidad and Tobago’s capital market

Trinidad and Tobago’s economic future hinges on the development of a robust and inclusive capital market that can mobilize private investment and bolster public confidence. This was the central message at the TT Stock Exchange’s Capital Markets and Investor Conference 2025, held on October 24 in Port of Spain. Key stakeholders, including government officials and private-sector experts, emphasized the need to shift from state-driven growth to private-sector-led development. Dr. Kennedy Swaratsingh, Minister of Planning, Economic Affairs and Development, highlighted the government’s role in creating an enabling environment through legislation and policy, while urging broader participation in the TT Stock Exchange (TTSE) to enhance liquidity. Finance Minister Davendranath Tancoo announced initiatives such as a state-sponsored Real Estate Investment Trust and a $1 billion National Investment Fund bond, aimed at democratizing ownership and stimulating the domestic market. Central Bank Governor Larry Howai underscored the importance of balancing monetary policy with capital-market growth, while exploring digital innovations like tokenization and Central Bank Digital Currencies (CBDCs). Anthony Zamore of PricewaterhouseCoopers (PwC) discussed the transformative potential of AI, blockchain, and tokenization in reshaping global finance, urging Trinidad and Tobago to embrace these technologies to attract global investors. Andre Jeffers of Ansa McAL called for bridging the gap between private businesses and public markets to ensure the sustainability of generational enterprises. The conference concluded with a unified call for immediate action to implement these reforms and drive the nation’s next phase of economic development.