Development of Public Debt Registry

The overall objective of this project is to strengthen the emerging capital markets of Guatemala by increasing their transparency and efficiency and educating the investing public. The program will assist in the development of the Registry, created by the Ley de Mercados de Valores approved in 1996, so that it can effectively accomplish its functions. Most important, the Registry represents the first step to bring oversight and greatert ransparency to the presently unregulated over the counter market (OTC). The Registry's regulations for the OTC market should gradually become the benchmark for the operation of Guatemala's capital markets. These markets have largely gone unregulated or in the case of the stock exchanges have functioned under a self regulatory regime. The program will assist the government in the strengthening of the legal framework for the securities markets which will provide the basis for the future expansion of the Registry's functions.

Project Detail

Country

Guatemala

Project Number

TC9704299

Approval Date

December 10, 1997

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM / MODERNIZATION OF THE STATE

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,500,000.00

Country Counterpart Financing

USD 570,000.00

Original Amount Approved

USD 930,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1261136681-9087

Donors Memorandum

Program to Support the Development of a Securities Registry [454172].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-1261136681-9088

Donors Memorandum

Programa de apoyo al desarrollo de un registro de valores [454174].PDF

Dec. 31, 1999

Spanish

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