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MILA to increase liquidity and transperancy in Latin America

With the adoption and eventual integration of MILA (Mercado Integrado LatinoAmericano) the countries of Chile, Colombia, and Peru could see outsized gains in their economies as well as capital markets. We are already seeing firms come to the market to take advantage of the increased liquidity in issuance and trading. The increased monitoring from assimilation of rules and breadth of investors will improve transparency greatly. This improved liquidity and transparency will eventually lower the cost of capital to firms and flow through to the respective economies.