When the Trinidad and Tobago International Financial Centre (TTIFC) detailed its long-term goals last year, it knew it had to be both ambitious and realistic. With a high level of competition from other financial hubs in the Caribbean, and more widely in Latin America, it is crucial that international investors are given a strong reason to come to Port of Spain, Trinidad’s capital and financial centre.
The country already has much going in its favour – such as its macroeconomic and political environment, and relatively inexpensive labour force. Much more, however, needs to change and the country's investment promotion agency is aware of the time needed to reach its most ambitious objectives, such as bringing life to the capital markets. In all cases, new rules are required to create a truly international financial hub.
