CABEI promotes best practices on risk management for the public sector

The Central American Bank for Economic Integration (CABEI) inaugurated the third edition of the Regional Seminar on Risk Management for the Public Sector: Challenges and Opportunities for Debt Management in a Volatile Global Environment, a space for debate that explored the experiences, constraints and opportunities for public debt management through a focus on sustainability and risk mitigation, key elements for ensuring the balanced economic and social development of the Central American region and the stability of the financial system.

The opening session was attended by the Executive Vice President of CABEI, Alejandro Rodríguez Zamora, and the Minister of Finance, Donald Guerrero Ortiz. Participants included officials from various public-sector institutions in CABEI member countries, including representatives of ministries of finance, central banks, public and private sector banks, project managers, stock exchanges, and financial sector regulators.

In his speech, Alejandro Rodríguez Zamora referred to the institutional relevance of this seminar and how this initiative complements the Bank’s efforts in compliance with its strategy to support the development and integration of the Central American, Panamanian and Dominican Republic securities markets and its financial strategy.

“CABEI has undertaken important duties as the entity and financial agent of the Central American Integration System (SICA), which has enabled us to become the main source of multilateral financing for the development of the region”.

CABEI has made a historical contribution to the development of the region’s financial markets by placing 18 bond issues in the Central American public and private securities markets for an aggregate amount equivalent to US $487.2 million.

The multilateral has also contributed to the enhancement of the region’s capital markets through initiatives such as the creation of short-term funding programs, the creation of investment funds with a focus on regional fixed-income assets, participation in regional private equity funds, and the hosting of various meetings and consultancies for regulators in the region’s financial sector, and seminars on pension portfolio management.

Original source: BCIE
Published on 6 August 2018