NewsWhore
06-27-2006, 03:11 PM
USAID director Elena Brineman, in her speech before the American Chamber of Commerce breakfast on Monday, 26 June, complained that the banking sector has hindered to the development of a secondary lending market through the securities exchange market. "During my time here, USAID has worked with the Ministry of Finance, the Securities Bourse (Bolsa de Valores), the Central Bank and the Superintendence of Securities to establish a regulated secondary market of securities that would make available long term investment instruments and a formal secondary market for government bonds and private placements," she explained. But then pointed to obstacles these programs have met with along the way. "Nevertheless, particular interests of the banking sector has stood in the way of the development of this market," she told the American Chamber of Commerce audience.
In her opinion: "The country needs to continue working to avoid that interests of people, companies or sectors stop initiatives that would serve all the country. The securities market should be an efficient mechanism to invest billions of pesos that companies and employees are contributing through the national social security system, ensuring their survival," she highlighted.
Link To Original Article (http://www.dr1.com/index.html#6)
In her opinion: "The country needs to continue working to avoid that interests of people, companies or sectors stop initiatives that would serve all the country. The securities market should be an efficient mechanism to invest billions of pesos that companies and employees are contributing through the national social security system, ensuring their survival," she highlighted.
Link To Original Article (http://www.dr1.com/index.html#6)