Monday, 17 January 2022 23:19

CABEI President to meet with minister of Finance in El Salvador

Written by Evelyn Alas

The President of the Central American Bank for Economic Integration (CABEI), Dante Mossi, informed through his twitter account that a technical team from the institution will visit El Salvador to hold a meeting with the minister of Finance, Alejandro Zelaya.

The meeting is scheduled for next thursday, january 20, in the context of the search for a Regional Debt Market that is estimated to reach US$120 billion.

Mossi assured that meetings with the Ministries of Finance of Panama and the Dominican Republic will follow.

He also explained to a US media that these countries, together with El Salvador, are the three nations that CABEI considers candidates to install the largest regional debt market project in the first three months of 2022 with dollar-denominated securities. El Salvador and Panama are in the lead because their economies are dollarized.

According to Mossi, the idea is that this flow comes to the regional market, to lower the cost of financing to all governments and allow them to invest more in social programs and in priority areas such as health and education, among others.

The Central Government assures that the accelerated pace of the country's economic recovery makes it a candidate to host the regional financing market.