Securities market in Central America
By Eproint
The superintendents of the securities markets of El Salvador, Costa Rica, Guatemala, Honduras, Nicaragua, the Dominican Republic and Panama signed a multilateral MOU to establish the initial bases on coordination and cooperation.The agreement seeks to achieve an effective exchange of information and contribute to the formation of an efficient, transparent and organized regional securities market, within the framework of the countries respective legal systems.
The agreement also broadens the investor base for sovereign issues, providing the region with more investment options and greater capital mobilization for its development.
Recently, the Central American Bank for Economic Integration (CABEI) has been developing programs with the aim of strengthening the regional public debt market.
Some of them look for issuers to be advised and have reference frameworks for thematic issues in compliance with international standards applicable to these instruments in relation to the use of funds, the selection of projects to be financed, the administration of the resources raised, and accountability.