The director of the Central American Bank for Economic Integration (CABEI) for El Salvador, Luis Rodríguez, affirmed that the financial organization made available $150 million to boost the regional stock market.

“There will be a fund of $150 million as a first step” — Rodríguez stated. The director of CABEI added that the objective of the regional securities market is that the search for funds be local.

#MercadoRegionalDeValores | “Es una especie de bolsa de valores”: director del @BCIE_Org para El Salvador, @LRodriguez_SV. “Se evaluaron, por un lado, la robustez de la banca en nuestros países, la dolarización, las bolsas de valores y el ecosistema de gobernanza”, indica. pic.twitter.com/mjEYQw6Vt4

— Secretaría de Prensa de la Presidencia (@SecPrensaSV) March 23, 2022

Rodríguez indicated that this includes project financing, debt structuring, bond placement, and other initiatives.

“The fact of having the stock market here in the region physically implies that a much cheaper search for funds can be made” — Rodríguez explained.

An additional benefit of the regional securities market is that it allows maximum investment.

#PlanTrifinio | El director del @BCIE_Org para El Salvador, @LRodriguez_SV, comenta que como banco se colaboró en el plan estratégico del Plan Trifinio. “Potenciando el tema medioambiental y de sostenibilidad, que se debe conservar en la zona”, destaca. pic.twitter.com/GE0MGoA17m

— Secretaría de Prensa de la Presidencia (@SecPrensaSV) March 23, 2022