The agreement sets out a general framework of cooperation to promote regulatory mechanisms to facilitate the financing through the stock market in projects of Public-Private Partnerships.
The Agency of Public and Private Partnerships (DGAPP) signed with the Stock Market Superintendence (SIMV), a memorandum of understanding in which both entities have come to an agreement in order to strengthen cooperation relations between them to jointly promote the structure of projects of Public-Private Partnerships nature through the stock market.
The agreement seeks to provide a general framework of cooperation between the institutions with the purpose of promoting regulatory mechanisms to facilitate the financing through the Dominican stock market of the projects of public-private partnerships. Both institutions agree to collaborate in technical, legal aspects, and any other, to boost the performance of joint studies and educational activities for their employees.
The agreement document was signed at SIMV head offices between de Superintendent of Stock Market, Mr. Gabriel Castro Gonzalez, and our executive director, Mr. Sigmund Freund.
The superintendent of Stock Market stated that the stock market responds to the needs of performance of the investors which, in medium and long term, results in higher levels of consumption in general, one of the main variables in the economic activity of a country, a greater participation of different entities in the stock market results in a more developed and productive business activity, with the possibility of translating into economic benefits and along with that in economic growth for the country.
Sigmund Freund stated that it is the Agency od Public and Private Partnerships interest to act in accordance and for the protection of the best interests of the State and its citizens, therefore it is of great importance to work hand in hand with the Superintendence of Stock Market of the Dominican Republic, so that in each Public-Private Partnership structured with financing from the stock market is guaranteed to be structured with the best practices of institutions that participate in the stock market.
