CABEI and CAFI promote the region as an attractive market for investment funds
With the aim of encouraging the development of the region’s stock markets, CABEI and CAFI sponsored the First Congress on “Investment Funds in Central America and the Caribbean.”
Tegucigalpa October 10, 2013. - The Central American Bank for Economic Integration (CABEI) and Costa Rica's Chamber of Investment Funds (CAFI, Spanish acronym), inaugurated the First Congress on "Investment Funds in Central America and the Caribbean."
The event was inaugurated by CABEI Executive Vice President Attorney Alejandro Rodríguez Zamora, who said that purpose of the regional forum is to promote the benefits of investment funds on development by using them as financial instruments that foster the development of projects that bolster regional growth.
The CABEI Executive Vice President said that, "This activity has a special significance because it allows CABEI to reaffirm its commitment to the development of the regional financial system and as a promoter of tools that facilitate the balanced development of the region's countries."
Attorney Rodríguez Zamora added that the forum is directly in line with CABEI's Institutional Strategy, "Competitiveness with Integration and Social Development," specifically in the Development Finance area. CABEI has actively supported the financial sector and regional market by actively participating in the Central American Mezzanine Infrastructure Fund L.P. (CAMIF) and the Central American Renewable Energy Forum (CAREF).
According to CAFI Executive Director and Director of the Federation of Latin American Investment Funds, Mr. Víctor Chacón, "There is a wide variety of investment funds that can be developed internally in each market in our region, which can promote development based on a financial product that promotes economic democracy and access of small and medium investors to better financial and economic products. This congress aims to discuss these possibilities and how to make them a reality."
A group of renowned national and international experts offered their knowledge about the legal framework for investment funds and real estate funds in Central America and the legal framework for investment funds in Panama and the Dominican Republic, as well as information about real estate development, infrastructure and venture capital funds.
The speakers included Tania Sagastume, Superintendent of Securities and National Commission of Banks and Insurance in Honduras; Alfredo Rivera, General Manager of Portafolio de Inversiones Guatemala; Victor Chacón, Executive Director of Costa Rica's Chamber of Investment Funds; Marcela Pineda, Superintendent of El Salvador's Financial System; Emiliano Maranhao, President of Invercasa Puesto de Bolsa in Nicaragua; Jaime Ubilla, General Manager of Improsa SAFI in Costa Rica; Mariela Garcia, Vice President of Investment Banking MMG Bank of Panama; Roberto Cabanas, Treasury Manager, JMMB Brokerage Firm Dominican Republic; Alvaro Camacho, General Manager BCR SAFI, Costa Rica; Arturo Alvarado, President Central American Stock Exchange Honduras; Gerardo Arguello, Manager of the Nicaraguan Stock Exchange; Francis Giron, President of the Salvadoran Association of Market Intermediaries; and Pablo Montes de Oca, President of Costa Rica's Chamber of Investment Funds.
