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Exchanges & Depositories of Chile, Colombia & Perú hold MILA Day in New York

EXCHANGES AND DEPOSITORIES OF CHILE, COLOMBIA AND PERU HOLD MILA DAY IN NEW YORK

The Santiago Stock Exchange and Depósito Central de Valores (DCV) together with their Colombian and Peruvian peers celebrated the first Mila Day New York City in order to bring together the international financial community with the three Mila markets. The event gathered more than 200 foreign investors in New York.

Foreign Minister Alfredo Moreno was a speaker at the seminar entitled “Invest in MILA: three countries, one market”; and he outlined his views regarding the relevance of the integration of the Latin American markets, the strengths of the countries that make up MILA and its main reasons for success.
ima-milany-2013-01-ingIn addition, the President of Banco Interamericano de Desarrollo (BID) (Inter-American Development Bank), Luis Alberto Moreno, the regulators of the three countries which are part of MILA, Colombia, Peru and Chile, among them the Chilean Superintendent of Securities and Insurance Fernando Coloma, attended this event. The General Managers of the Santiago Stock Exchange, José Antonio Martinez, and the General Manager of Depósito Central de Valores of Chile (DCV), Fernando Yañez, were also present.

According to José Antonio Martinez, “the integrated market among Chile, Colombia and Peru has consolidated as an investment alternative and a hub of interest in our region, thus creating a securities market which is unique, diverse, and broad and with great opportunities for investors. Today we have attempted to transmit these opportunities to foreign investors and therefore we are inviting them to invest in this appealing market which gathers those countries with a higher growth potential in Latin America”.

For his part, Fernando Yañez explained “MILA has meant a major achievement for the Latin America financial industry as it places us as a powerful region in the rest of the world, so that they set their eyes on us and see that there is room for new markets”

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Finally, Yañez indicated “our infrastructure is prepared to handle greater volumes, which we expect to receive in the future. We have the tools and the desire, but with big initiatives such as this one, you do not see growth from one day to the next, you have to wait, grant space and then see the results”.

 

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