Agreement for Regional Public Debt Market

CABEI signed a memorandum of understanding with other Central American organizations to strengthen the development of the regional public debt market.

Wednesday, May 19, 2021

The agreement was signed by the Central American Bank for Economic Integration (CABEI), the Executive Secretariat of the Council of Finance Ministers of Central America, Panama and the Dominican Republic (SECOSEFIN), the Executive Secretariat of the Central American Monetary Council (SECMA) and the Association of Central American Stock Exchanges (BOLCEN).

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This agreement will broaden the investor base for sovereign issues, providing the region with more investment options and greater capital mobilization for its development, according to the document released by CABEI.

According to the multilateral organization, this agreement is particularly relevant in a scenario of economic crisis caused by Covid-19 and the effects of climate change, as it broadens the avenues of financing for CABEI member countries to boost their economic reactivation.

CABEI Executive President Dante Mossi explained that "... this initiative foresees the possible creation of an Operations Repository that will allow for the cross-border settlement of public securities, improving access and mobilization of financial resources within and to the region, as well as achieving greater levels of integration of our economies."

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