The international experts who work with government officials to discuss ways on how to further improve public debt management in Latin America and the Caribbean today.

Created by all countries of Latin America and the Caribbean with the support of the Inter-American Development Bank, the group is an important instrument for cooperation and coordination between countries and to exchange experiences and discuss technical issues related to debt management and development of local currency.

In recent years several countries have developed a yield curve and significantly reduce the cost of debt depends on the level of risk. This group also helped develop local capital markets and withdraw savings from within and abroad.

Deputy Minister of Finance and Public Credit of Colombia, María Ines Agudelo, highlighted the dramatic progress of their country’s bond market. He noted that progress in terms of liquidity and market structure in this region are not immediate and sustained effort is required to update resources and develop capacity to respond to market dynamics.

Bank Sustainable Development Department, described the favorable external conditions and the political commitment that allows the government bond market development. The challenge is now to take advantage of favorable conditions exist to consolidate progress in the local capital market.

IDB Executive Director of Colombia, Luis Guillermo Echeverri, emphasizes the importance of good macroeconomic management and the role of the Bank to support the dissemination and best practice.

Topics covered are the best strategy for public debt management and in particular the relationship between fiscal policy and debt management, inter-bank market development in Central America and the Dominican Republic and the organization of Debt Management Offices in the Caribbean countries.

Other topics include the process of developing a secondary market, a regional information system on public debt and derivatives markets, with the participation of the Head of Strategic Planning Department of Public Brazilian National Treasury,

International experts in the fields of banking, specialized agencies and multilateral organizations-the International Monetary Fund, World Bank, United Nations Conference on Trade and Development and the Executive Secretariat of the Central American Monetary Council, as well as share experiences and best practices in financing and participating in the debate about the best strategy for public debt management. JP Morgan and Deutsche Bank also made presentations.

The event was closed by the Director General of Public Credit and National Treasury Colombia, Julio Torres, Head of Infrastructure and Financial Markets IADB, Pietro Masci, and chairman of the LAC Debt Group, Paulo Valle. The next annual meeting will be held in Costa Rica.

LAC Debt Group was launched in 2005 as part of the Initiative for the Promotion of Regional Public Goods. The initiative, led by the Ministry of Integration and Regional Programs, promote regional collective action through international cooperation to more effectively address problems and opportunities shared by the countries. It aims to support the initial stages of generation of regional public goods with the greatest impact on development potential and significant effects in IDB member countries a lot.

Possibility Related Posts:

• Original Plan Build Company
  It is necessary to plan, first of all to establish the objectives of the company. While major objectives are relatively obvious (growth, success in financial management, prestige, etc.) Specific targe...