Caribbean financial sector urged to mobilise capital and investment

Key financial players in the Caribbean are essential in the evolution of the regional economy as capital and investment are driving today’s development route. This is according to His Excellency, Dr Mohamed Irfaan Ali, who delivered a speech at the Jamaica Stock Exchange (JSE) Regional Capital Market Conference 2023. To access economic opportunities, it has been noted that to be availed, there must be some standardised procedures to mobilise capital within the economy. During his delivery, President Ali stated, “The Caribbean financial sector needs to play a more instrumental role in mobilising capital to fill the region’s financial gap,” having outlined that the Caribbean was in need of a whopping US $10 billion in spite of having a financial structure that values saving. Further, he emphasised, “Financial markets are not without risk. The deeper the region becomes integrated into the global financial markets, the higher the risk of global problems…securities and capital markets need strong regulation and oversight in order to protect investors.”

Source(Department of Public Information)

---

27 Jan 2023 15:00 | by anaraine

| Banking, Investment and Financial Services