El Salvador became the Headquarters of the Regional Stock Market

After El Salvador became the headquarters of the Regional Stock Market, the Executive President of the Central American Bank for Economic Integration (CABEI), Dante Mossi, expressed his gratitude to the Salvadoran people and the government of President Nayib Bukele.

«I salute El Salvador for being the land of hard work, and it is reflected in the intense activity in this CABEI mission. Thank you very much to our Governor, Alejandro Zelaya, and President Nayib Bukele, for their leadership of this worthy nation» — president of CABEI tweeted.

The management of the government of President Nayib Bukele has taken a historic step in the Central American region. Last Friday, the Minister of Finance, Alejandro Zelaya, accompanied by representatives of the Central American Bank for Economic Integration (CABEI) and the Council of Ministers of Treasury and Finance of Central America, Panama, and the Dominican Republic (COSEFIN), announced that El Salvador has been selected as the host country for the Project on the Regional Securities Market.

The decision was made during COSEFIN’s first extraordinary meeting of 2022. This macro project will make it possible to boost the Central American economy; In addition, it will provide financing options to the region. It is designed to facilitate the clearing, settlement, and custody processes of cross-border operations with public debt securities, which are carried out under the trading modalities used in the different countries of the region.

«The Central American Bank will have $150 million available to promote the project, which will be invested throughout the region. Today we start with the first step, but it can only be successful if we fully integrate as a region. It is good that El Salvador is the one that sponsors this first step, and we count on the fact that we will have the determined company of the other countries in the region, so that they can take, together with us, these steps that are so important for Central America» — stressed the head of the Treasury.