Argentina : Capital Market Assessment and Development Prospects
This report represents a high-level diagnostic of the capital market in Argentina, its potential for corporate, SME and infrastructure financing, and proposed actions to unlock such potential, as well as the respective roles of financial authoritie...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/774461498688493036/Argentina-Capital-market-assessment-and-development-prospects http://hdl.handle.net/10986/28325 |
| Summary: | This report represents a high-level
diagnostic of the capital market in Argentina, its potential
for corporate, SME and infrastructure financing, and
proposed actions to unlock such potential, as well as the
respective roles of financial authorities and market
participants. A detailed assessment of the government bond
market was outside of the scope of the report. However its
importance to support the development of the corporate bond
market should be highlighted. The report’s findings are
based on discussions and information from key
representatives of the public sector and a cross section of
market participants and other stakeholders. These included
representatives from the Ministerio de Finanzas (MoF), the
Comisión Nacional de Valores (CNV), the Central Bank (CB),
and the Unidad de Información Financiera (UIF). It also met
with representatives from the Mercado de Valores de Buenos
Aires (MERVAL), the Mercado Argentino de Valores (MAV) the
Mercado Abierto Electrónico (MAE), a sample of brokerage
houses, banks and fiduciary entities, the Fondo de Garantía
de Sustentabilidad (FGS - ANSES), an insurance company, a
credit rating agency, a sample of law firms, and a tax firm.
The report is organized as follows: Part One provides a
description of the state of development of the market, in
particular the supply and demand side. Part Two provides an
assessment of critical factors that have an impact on
capital market development along with recommendations to
address them. Parts Three, Four and Five provide a focused
analysis of the use of capital markets for corporate, SME
and infrastructure financing. |
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