Costa Rica News – Costa Rica’s federal government will likely put into effect laws to enhance stock and also bond trading and investing for both regional and international investors.
This was said by both central bank President Rodrigo Bolanos and Vice-President Luis Liberman.
The proposal that must go through Costa Rican legislature would probably permit international investors to purchase Costa Rican protection and additionally open up the market for various types of investment products, the central bank president stated today in Costa Rica.
The legislation would let Costa Rican brokerage firms to offer foreign stock options to local investors and enable cooperatives, insurance firms, retirement fund providers and mutual investment funds to buy and sell their own products. Costa Rica’s securities market trades about $130 million in securities per day.
The proposition will likely be brought before the legislature after President Luis Guillermo Solis takes office at the beginning of May.
The only thing that I hope that this does not bring bout is more scams in Costa Rica. There are already so many selling commodities and other investments that are not legitmate in Costa Rica, so this might open the door for more of the same.
Let’s hope not though.
