The security market as a source of financing of the municipality in Mexico

Abstract

In Mexico the municipality was authorized, from August 2001, to finance long-term debt through the issuance of certificates bursatiles. However, 17 years after this source of funding has been little used, due to the lack of conditions in the municipalities to meet the requirements for their access and the little knowledge that the municipal authorities have regarding the How this financial instrument operates.

By virtue of the foregoing, it is essential that the municipal government know the main aspects involved in issuing municipal certificates bursatiles, the factors that give it economic and financial viability, and the characteristics more Relevant to the success stories related to the issuance and placement of this financial instrument in our country, and identify the appropriate criteria for its application and development.