Residents and non-residents will soon have the chance to invest in the National Asset Management Company (NAMCO).
Ambassador Lionel Max Hurst, Chief of Staff in the Office of the Prime Minister, announced this decision during a post-Cabinet press briefing.
The move comes as part of an effort to encourage more residents to invest in stocks and bonds, with NAMCO being listed on the Eastern Caribbean Stock Exchange (ECSE).
Currently, there are only two local companies listed on the ECSE.
The government aims to broaden investment opportunities and change attitudes towards stock market investments.
NAMCO manages investments in the West Indies Oil Company, State Insurance Corporation, and Blue Horizon.
SOURCE: Pointe Xpress