Trinidad and Tobago's Government Bond Market
TABLE OF CONTENTS
Coursework Project 3
Section 1: Overview of the Capital Market 5
Section 2: Key Institutional Milestones & Roles of Institutions 7
Section 3: The Government Bond Market - Functions & Characteristics 8
Section 4: Issues and Challenges in the Local Bond Market 16
Section 5: Conclusion and Recommendations for Further Development 19
Trinidad and Tobago’s Government Bond Market: Evolution, Issues and Future Development.
i) Key Historical Milestones in the Evolution of the Local Bond Market;
ii) Functions and Characteristics of the Bond Market;
iii) Issues and Challenges in the Local Bond Market; and
iv) Recommendations for Further Development of Local Bond Market.
Trinidad and Tobago’s capital market is one the largest and most active in the Caribbean region. This paper seeks to examine one of the facets of the local capital market, namely the Trinidad and Tobago government bond market in a more in-depth and comprehensive manner and aims to demonstrate an appreciation of the vital role of this market in the nation’s economic evolution and development.
This paper is structured as follows:-
1. A description of the capital market and benefits of the capital market.
2. A look at key milestones and establishment of important institutions in the evolution and advancement of the country’s financial and securities markets.
3. An examination of the Government of Trinidad and Tobago (GOTT) domestic bond market with focus on the functions and characteristics of this market.
4. Issues and challenges present in the bond market.
5. Conclusion and recommendations.
Section 1: Overview of the Capital Market