INVESTMENT BANKS IN the Caribbean have benefited from some important debt transactions this year but the industry is highly concentrated and constrained by a lack of IPO and M&A activity.
The region has a total population of 36.3 million living on more than 7,000 islands but only a handful of countries have capital markets of any size, including the Bahamas, Barbados, the Dominican Republic, Jamaica and Trinidad & Tobago. According to the IMF, the Dominican Republic has the region’s biggest economy, with a GDP of $50 billion, followed by Trinidad & Tobago with $22.35
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