Islands of Plenty

Islands of Plenty


Foreign direct investment has poured into Trinidad&Tobago's energy industry and local companies have expanded aggressviely in the Caribbean in recent years. The small island republic now has a vibrant capital market, for the country aspires to become a regional banking center. But its markets need greater depth and transparency, and less stringent regulations to reach that goal. Trinidad's stock market has 32 listed companies with a market capitalization of around $5.1 billion as of July. Last year, local investment banks raised some $1.5 billion for Trinidadian private-sector and public-sector companies and $195 million for governments and corporations across the Caribbean. Tr

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