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The major Caribbean countries this year face rising debt loads, election uncertainty and economic challenges.
To keep investors satisfied, they must maintain fiscal discipline and diversify their markets.
Canadian mutual fund magnate Michael Lee-Chin recently expanded his empire with the purchase of Jamaica?s largest bank. He plans to use National Commerical Bank?s 50 branches to distribute every conceivable financial product.
Despite intense market volatility in September, the Caribbean country was able to raise $500 million with a debut global bond. The issue is an effort to develop the Dominican Republic’s yield curve.
Oil revenues have made Trinidad & Tobago a rich little country and exporter of capital. The government’s challenge is to channel some of that money into the local economy.
Twenty years after gaining independence from the UK, Belize is struggling to define itself while dealing with mounting debts. It is also trying to diversify its agricultural-based economy.
Belize is looking to diversify away from traditional agricultural exports to manufactures and Internet-based services. Online gaming could be a lucrative niche.
With a lack of foreign exchange, international regulatory pressure and shortage of bankable risks, Belize’s young banking system still has serious deficits.
The Caribbean republic of Trinidad & Tobago has created a vibrant capital market that seeks to act as a regional banking center, serving public – and priavte – sector institutions.
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