Friday, September 22, 2023

They will evaluate advances, opportunities and challenges of the trust industry

12 years after the promulgation of the Law 189-11 for the Development of the Mortgage Market and the Trust, the country has made significant progress in terms of access to housing, road infrastructure, tourism promotion and other investments that have been possible with the channeling of resources through this financing channel.

This is how the Association of Commercial Banks of the Dominican Republic (ABA), by announcing the details of the XXXII Latin American Trust Congress (Colafi) that will be held together with the Latin American Federation of Banks (Felaban), from November 15 to 17, in Santo Domingo.

“The current scenario is conducive to making an evaluation of the progress made after the figure of the escrow to the Dominican Republic and, based on that reality, visualize the potential that this industry represents for national development,” said the ABA.

He pointed out that, in the same way, authorities and experts from the trust industry at the national and regional level will discuss regional trends in the sector that concentrated US$262.735 million of trust assets in 10 countries of the Latin Americauntil December 2021, according to an analysis by the Association of Trustees of Colombia released in the last version of Colafi.

The ABA recalled that, in the Dominican Republic, a total of 24 entities authorized to carry out trusts in the Dominican Republic and 1,258 trust contracts had been registered until last May, according to statistics from the Superintendency of Banks.

Colafi Agenda

In a press document, the Association of Banks reported that the agenda of the XXXII Latin American Congress of Trusts (Colafi) will take place at the Sheraton Hotel, in Santo Domingo, and will focus on avant-garde topics.

Aspects to be addressed include: the trust as a driver of sustainable tourism development, innovative strategies to resolve conflicts, collaboration between trustees and Fintech and the role in public-private partnershipsdetailed the ABA.

The banking union made the page available for people interested in knowing more details or registering for the event.


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