Port of Spain a shopping and business centre for much of the country. Most government offices are also located in the city and many important government services can only be accessed in the Ministry offices located downtown. Within recent years, local banks headquartered here have helped it become a financial centre for the Caribbean and Central America region. Two of the largest banks in the Caribbean, Republic Bank, Trinidad and Tobago Limited and Royal Bank of Trinidad and Tobago (RBTT, reacquired by the Royal Bank in 2008) are headquartered here or base their Caribbean operations in the city. Trinidad's economy is based on
Downtown Port of Spain in the heart of the city, with a late-Victorian fountain and bandstand, trees, benches, and lawns. It has famously been the site of many political rallies over the decades; former Prime Minister Eric Williams gave many public lectures here, dubbing it "the University of Woodford Square", and near the eastern gate is a spot which has become Port of Spain's Speakers' Corner. Two blocks south of Woodford Square is Independence Square (formerly Marine Square), which runs along the breadth of downtown Port of Spain from Wrightson Road to the west to the Roman Catholic Cathedral Basilica of the Immaculate Conception