Capital Market Consolidation and Development

closed

The project supports the consolidation and development of the securities market in Bolivia, in order to improve resource allocation and the quality of financial services. The appropriate operation of the securities market would foster confidence within the private sector, contribute to increased domestic savings, and the financing of long-term-maturity productive . In order to build confidence among capital market participants, it is essential to have a market that allows savings to be channeled into financial instruments, enabling investors to own assets through ready and reliable transactions, and, in turn, help create new sources and alternatives of production and development. The financial system within this type of capital market has the dual responsibility of providing mechanisms for day-to-day transactions of individuals, and for attracting and allocating the savings of the population as effectively as possible. The specific objectives would be to facilitate de drafting of suitable rules and regulations for the operation of the securities market; strengthen the Securities Administration, with support for human resource training and sufficient staffing for its operations; and to design monitoring systems and operating manuals that would provide and ensure effective market supervision.