Capital Markets
From The Report: Colombia 2014
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In recent years the Colombian Stock Exchange (Bolsa de Valores de Colombia, BVC) has made significant efforts to increase investment options and expand the capital markets, including the creation of the Colombian Global Market (Mercado Global Colombiano, MGC) and the derivatives market, incorporation into the Integrated Latin American Market (Mercado Integrado Latinoamericano, MILA), and the implementation of Colombia Capital, a programme focused on developing future issuers. The local capital markets are also gaining attraction abroad, with the participation of foreign investors in the stock market increasing significantly in the past two years, growing from 8% in 2011 to 20% in 2013. Positive reviews are likely to bring more capital flows and raise values. This chapter contains interviews with Juan Pablo Córdoba Garcés, President, Colombian Securities Exchange; and Carlos Raúl Yepes Jiménez, President, Bancolombia.