Tuesday, 04 January 2022 03:59

El Salvador could become Central America's Securities Market Headquarters

Written by Evelyn Alas

El Salvador is on the list of candidates with the greatest potential to become the next headquarters of the Central American debt market.

Likewise, the accelerated pace of economic recovery and different actions to dynamize commercial activity have influenced the country to position itself as a candidate to become an investment and fund raising market.

This initiative of the Central American Bank for Economic Integration (CABEI), was confirmed by an American magazine and it was pointed out that the bank seeks that the countries can interconnect the Securities Markets.

In addition, this initiative will bring benefits for the winning country, among them will be, the greater availability of funds could direct more resources to public policies in agriculture, environment, security, education and health.

A regional debt market can lower the costs assumed by the States when placing bonds. Simply by lowering interest rates, there would be millions of dollars in savings in the budgets of the countries, which would be focused on the population that needs more attention.

CABEI has identified El Salvador, Panama and the Dominican Republic as the best candidates to host this project, one of true Central American integration.

CABEI President, Dante Mossi, pointed out that the region has a debt market of US$120 billion annually, stating that this project is very ambitious and that they are betting on convincing all countries to invest in this market.