Stock Exchange being Explored for Turks & Caicos
A stock exchange is on the way for the Turks and Caicos, according to Premier, Washington Misick. “It is important to make some huge steps to modernize our economy and
A stock exchange is on the way for the Turks and Caicos, according to Premier, Washington Misick.
“It is important to make some huge steps to modernize our economy and modernize the way we do business— what we are looking to do is establish a stock exchange in the Turks and Caicos.”
The country leader made the announcement at an invite-only diaspora meeting in Nassau on February 13th,
revealing that he would be meeting with the relevant Bahamian technocrats for advice on the long-awaited TCI project this week. The Premier said this was just another step in tying the two countries even closer.
“We can cross-list investments and securities from TCI in the Bahamas and vice versa so we can start investing in each other’s economies.”
A stock exchange in the country is a massive opportunity that will allow Turks and Caicos islanders to invest in the million dollar businesses that make up their own economy and get returns from those investments, putting even more tourism dollars in the hands of locals.”
The Premier maintained this was part of the plan to create economies of scale between the Turks and Caicos and The Bahamas which would ultimately be to the benefit of both.
The Premier and a delegation including HE Anya Williams, TCI Deputy Governor were on official visit to The Bahamas February 12-19, where a two TCI-Bahamas Diaspora Liaison Officers were appointed and announced. Hon C. Washington Misick also led the entourage at the 44th Regular Meeting of CARICOM, for Heads of Government of the Caribbean. Turks and Caicos is an Associate Member of CARICOM.
