CDB Calls For Regional Stock Exchange

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The Caribbean Development Bank’s Director of Economics, Dr. Justin Ram, is urging the region to come together to form a regional stock exchange.

Dr. Ram was speaking in an exclusive interview with Nationwide’s Business and Finance Editor, Kalilah Reynolds, in Port of Spain, Trinidad yesterday.

Dr. Ram says economies of scale can be achieved if the region comes together to form a common stock exchange. He says a regional approach would be ideal.

Meanwhile, Dr. Ram says Jamaica’s recent success with using the local stock exchange to divest a major government asset, is an approach that should be replicated.

The government raised $5.5-billion by selling Wigton Wind Farm on the Jamaica Stock Exchange to some 32,000 investors.

Dr. Ram says there are other approaches that could also be taken.

He’s also cosigning the Andrew Holness administration’s policy of socializing wealth.




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