OREANDA-NEWS. The Chancellor has today (9 October 2015) announced that the London Stock Exchange Group and the Lima Stock Exchange, Bolsa de Valores de Lima, will work together to enhance liquidity in Peruvian financial markets.

Alongside this work, LSEG and BVL will explore the possibility of collaborating on the ELITE Programme, the innovative business support programme for high growth private companies.

The Lima Stock Exchange is a member of the Integrated Latin American Market (MILA), which brings together the stock exchanges of the dynamic set of Pacific Alliance countries, namely Mexico, Colombia, Chile and Peru. MILA is the eighth largest market in the world and the largest in Latin America by number of listed companies.

The scale of MILA will attract greater international interest and reduce costs over time. The wealth of experience that the LSEG has in hosting a deep and liquid global capital market will be of significant value in helping grow MILA over time.

Speaking at the IMF Annual Meetings in Lima, Chancellor of the Exchequer George Osborne said:

I am delighted to announce a collaboration between the London Stock Exchange Group and Bolsa de Valores de Lima.

A hundred years ago, 50% of foreign investment in Latin America came from the UK. And given the region’s huge growth potential, the opportunities for UK investors are once again tremendous.

The UK is the natural partner for Latin America’s international financing needs. UK-based financial institutions can help provide access to international capital via London, supporting growth in Peru and across Latin America.