To make Trinidad and Tobago the premier location in the Western Hemisphere for Financial Services.
To attract & facilitate foreign direct investment in the financial services sector that would enhance the growth and diversification of the economy by creating sustainable employment.
Role of the Trinidad and Tobago IFC Management Company Limited
A key step in this thrust to diversifying our economy was the establishment of the Trinidad and Tobago International Financial Centre Management Co. Ltd. by the Government of the Republic of Trinidad and Tobago, which is responsible for the development of the Trinidad and Tobago International Financial Centre (IFC). The Trinidad and Tobago IFC aims to develop a robust financial services sector that would generate significant revenues and sustainable, high-value employment for the people of this country, similar to what the investment at Point Lisas has produced. As the main vehicle driving the expansion of the financial sector, the Trinidad and Tobago IFC has worked assiduously to achieve this goal through developing the Capital Market and creating a Financial Institutions Support Services (FINeSS) industry.
The Point Lisas Industrial Estate has been a major success story in Trinidad and Tobago’s recent economic history. High revenues from the petrochemical industry have provided the catalyst for significant development, allowing this country to become known as the region’s most industrialised nation. Now, with T&T experiencing an economic downturn and as global oil and gas prices continue to decline, diversification of the economy is a critical policy, vital for long-term, economic growth.