Wednesday, January 20, 2016
Prime Minister Portia Simpson Miller (centre) spends time with Donovan White, vice-president, C& W Business, and Marlene Street-Forrest, general manager of the Jamaica Stock Exchange, during Monday’s opening ceremony of the 11th annual Regional Investments & Capital Markets conference yesterday.
ON Monday Jamaica Stock Exchange (JSE) General Manager Marlene Street-Forrest, in her opening remarks at the 11th Regional JSE Investments and Capital Markets Conference, stressed that the way forward in developing Jamaica’s economy — and by extension, those of other Caribbean territories — is to secure partnerships outside the Caribbean region.
“This theme recognises that our countries must recognise that prospecting within our regional markets alone will not provide the growth and sustained prosperity that each of us so badly crave, but that our objectives will be better realised as we explore and forge extra-regional alliances to deliver innovative products and services to the larger global markets,” Street-Forrest said, highlighting that most Caribbean territories experienced economic growth within the last calendar year.
Despite the growth, she said that the Caribbean region still has its own fair share of challenges to deal with, such as post-recessionary conditions and the restructuring of debt, much of which can be alleviated through capital markets.
“We can attribute much of our regional successes to our renewed focus on growing our capital markets to finance local businesses and support them through strong regulatory improved corporate governance programmes and investors’ improving confidence that the markets hold good short, medium and long-term value for them.”
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