Message-ID: <6AB7187DB9@novell3.bham.ac.uk> Date: Fri, 31 Jul 1998 01:07:57 GMT From: "Lenni Montiel. IDD" <mailto:lxm594@NOVELL3.BHAM.AC.UK> Subject: Capital Markets/Subnational governments To: mailto:DEVEL-L@AMERICAN.EDU
First World Bank Conference on
Capital Markets Development at the Subnational Level
Local Strategies to Access Financial Markets:
Lessons and Opportunities for
Latin America and Central and Eastern Europe
Santander, Spain - October 26-29, 1998
We are pleased to invite you to the First World Bank Conference on
Capital Markets Development at the Subnational Level -- Local Strategies to
Access Financial Markets: Lessons and Opportunities for Latin America and
Central and Eastern Europe, to be held in Santander, Spain during October
26-29, 1998.
This conference, sponsored by the World Bank and Santander Investment,
will gather participants from national and local governments in Latin
America and Central and Eastern Europe, investment bankers, credit rating
agencies, insurance corporations, investors and multilateral organizations
to learn from their respective experiences and evaluate the pros and cons
of subnational access to capital markets and to gather a sense of good
practice. The exchange generated at this conference should allow national
and subnational governments from Latin America and Central and Eastern
Europe obtain a better understanding of a number of key dimensions of the
subsovereign borrowing process. In particular, the Conference will cover:
the macroeconomic and other public policy issues involved in subnational
government borrowing authority; the breath of legal and regulatory
frameworks governing such authority; the financing options available to
subnational governments as they access domestic and international markets
for funding; the role of the various key actors in the process; the
experience of selected provinces and municipalities of these two Regions
that have already accessed international capital markets; and the
importance of sound financial management.
Approximately 250 participants from Latin America and Central and
Eastern Europe will be present at the event. The format of the conference
has been designed in plenary and breakout sessions to enable an active
participation of the speakers and guests and to contribute to the agenda of
priority issues that must be addressed in Latin America and Central and
Eastern Europe on the access to financial markets by subnational
governments.
A block of rooms has been reserved at the Real and Sante Mar Hotels at
special rates for conference participants. Information regarding these
hotels and other logistical arrangements is provided in the attached
letter. This letter, along with the agenda and registration form, can also
be accessed through the conference web site on the internet at:
http://www.worldbank.org/capitalmarkets. If you or any other staff in your
organization wish to attend, please fill out the registration form and fax
it to our Conference Officer, Mr. L. Kumar Arora at (202) 676-0239 or (202)
522-2110 or call Liliana Pena at (202) 473-0171. For further information
you may contact Ms. Marcela Huertas, Task Manager of the event, at (202)
473-7418 or e-mail: mailto:mhuertas@worldbank.org.
We are looking forward to seeing you in Santander
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Lenni Montiel (mailto:l.montiel@bham.ac.uk)
IDD. School of Public Policy.The University of Birmingham
Edgbaston, Birmingham B15 2TT. England
http://web.bham.ac.uk/l.montiel/logov/
http://web.bham.ac.uk/l.montiel/government/good.htm
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