The government of Panama has requested proposals on how to organize this fund to three investment banks: Merrill Lynch, J.P. Morgan and Macquarie Capital.

“Panama’s Finance Ministry reported that this proposal is being analyzed, and explained that the fund will be state-owned, as it would be made of assets owed by the State of Panama”, reported Prensa.com. “Authorities are also considering administering the fund through a holding company”.

Source: Prensa.com

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Investment Funds in Nicaragua

May 2016

Nicaraguan investment fund industry is in a nascent stage of development in which only two short-term debt funds are currently operating.

From a report by Fitch Ratings:

Fitch: Investment Funds Industry in Nicaragua in early stages of development

Fitch Ratings - San Jose - (May 11, 2016)

Draft Law on Investment Funds Under Consultation

February 2013

The Legislative Assembly of El Salvador has started to study the bill, for which it will consult with representatives of financial institutions belonging to the state and the private sector.

A statement by the Legislature reads:

Consultation Phase Begins on Draft Investment Funds Act

An Investment Fund for Small Investors

January 2012

Aldesa introduced an investment fund made up of $100 shares to finance the Ad Astra Rocket Company, which is developing a plasma engine for space travel.

A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.

Venture Capital Funds in Costa Rica

February 2010

The Securities Commission (Sugeval), is preparing regulation to enable venture capital funds to conduct public offerings.

In Costa Rica there are several venture capital funds, but they are private and cannot perform public offerings. The regulation to allow them to do it could be ready in a couple of weeks.