Capital Market

 

The Capital Market Development Initiatives

 

Vision: A vibrant capital market in T&T that enables the transfer of risk and return between the users and providers of capital in an efficient and transparent manner.

 

The Central Bank of Trinidad and Tobago (CBTT) has embarked on the Capital Market Development Initiative (CMDI), a project aimed at strengthening and deepening the capital markets in Trinidad and Tobago. The CMDI seeks to support the growth of the real sector in the economy and bridge the gap between users and providers of capital. The project envisions a vibrant capital market which aims to accelerate economic and social progress.

The CMDI, guided by its over-arching vision, is headed by the CMDI Secretariat and supported by four (4) Steering Teams. The Steering Teams comprise a wide cross-section of market players, ranging from regulators, capital users, capital providers, intermediaries, market infrastructure providers and professional bodies, all of whom have a vested interest in the country’s Capital Market Development (CMD).

The first phase of the project was completed in October 2013, and saw the identification of over fifteen (15) key initiatives that would enhance the development of the local capital market. These included initiatives to harmonize legislation that impacts on the capital market, establish development funds to provide greater investment opportunities for large pension and mutual funds and foster development of the small and medium enterprises sector.