The Caribbean Development Bank (CDB) has approved a US$100,000 grant to the Caribbean Community (CARICOM) Private Sector Organization Inc. (CPSO) to support a feasibility study for a Regional Stock Exchange serving participating states of the CARICOM Single Market and Economy (CSME), according to a press release published on July 27, 2026. The study will assess viable models and inform the design of a regional securities exchange. It represents Phase I of a broader initiative to advance deeper capital market integration across the Caribbean. The grant is financed through CDB’s Special Development Fund (SDF) 11. The effort seeks to mobilize investment, improve liquidity, and expand access to capital across CARICOM Member States.
Despite the presence of several stock exchanges across the Region, Caribbean capital markets remain fragmented, limiting cross-border participation and constraining the scale of investment opportunities available to businesses and investors. A more integrated regional market could help unlock new sources of financing, particularly for micro, small and medium-sized enterprises (MSMEs). It could also support greater economic resilience and competitiveness. The initiative addresses long-standing structural gaps in the region’s financial architecture. It aligns with wider efforts to deepen Caribbean integration.
The feasibility study will analyze capital market demand across CARICOM Member States and assess legal and regulatory requirements for greater market integration. It will evaluate international stock exchange models and engage stakeholders from across the public and private sectors. The study will also explore opportunities to improve access to financing for women-led enterprises, youth entrepreneurs, and other traditionally underserved groups. The initiative is being implemented by CPSO with support from CDB and the Inter-American Development Bank (IDB). Together, the institutions are contributing US$324,700 toward the completion of Phase I of the study.
“The Caribbean’s long-term growth depends on our ability to create stronger, more accessible financial markets that support entrepreneurship, innovation and investment,” said Lisa Harding, Division Chief, Private Sector Division at CDB.
She added that the feasibility study will provide the analysis needed to determine how a regional stock exchange can strengthen access to finance, support private sector development, and advance regional economic integration. Harding noted that the effort reflects CDB’s commitment to building institutions and financial systems that foster inclusive and sustainable growth across its member countries. The initiative underscores the Bank’s focus on private sector-led development. It also signals renewed regional attention to capital market reform.
Upon completion, the findings will be presented at a regional symposium, providing policymakers, regulators, private sector stakeholders and development partners with evidence-based recommendations to guide decisions on the future of regional capital market integration. The project aligns with CDB’s strategic objective of building economic resilience. It supports regional efforts to strengthen financial markets and promote private sector development. The initiative also advances Caribbean integration. It marks a concrete step toward a more connected regional financial system.