10th March 2023
Nicaragua has formally joined the EL Salvador-Panama Integrated Stock Market and will now have access to a US$54bn market. The overall plan is for a regional stock market but will require legislative fine tuning in Costa Rica, Guatemala and Honduras. A CABEI-backed regional debt market is hoping to begin operations this year. The integrated stock market idea began in 2015 and from 2017 to date has carried out over US$500mn in transactions so far. The General Manager of the Nicaraguan Stock Exchange, Gerardo Argüello, hoped the move would see a 60-fold growth in their local market.
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