Guidance Note For Developing Government Local Currency Bond Markets PDF Download
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 157 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513573926 |
Download Guidance Note For Developing Government Local Currency Bond Markets Book in PDF, ePub and Kindle
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2024-07-08 |
Genre | : |
ISBN | : |
Download The Bahamas Book in PDF, ePub and Kindle
The Bahamas has a strong foundation for developing the local currency bond market (LCBM), benefitting from macroeconomic stability, and favorable fiscal and borrowing plans. The government views domestic capital market development as crucial for rebuilding economic buffers and fostering financial market development. An IMF/CARTAC a technical assistance mission visited The Bahamas in March 2023 to support the LCBM development. The mission assessed the current stage of the sovereign debt market and formulated policy recommendations for each of the six building blocks outlined in the Guidance Note for Developing Local Currency Bond Markets. Key findings highlighted significant potential to shift funding from non-concessional external borrowing to the domestic bond market, which would facilitate a more robust yield curve and deeper benchmark issuances. The mission’s key recommendations were: • Transition to a competitive auction system, allowing market prices to clear a fixed volume on offer; • Enhance communication with market participants, including through a formal investor relations strategy, and with relevant stakeholders to improve credibility, transparency, and investor appetite; and • Implement reforms sequentially, initially focusing on eliminating the most critical bottlenecks to market development.
Author | : Trevor A Lessard |
Publisher | : International Monetary Fund |
Total Pages | : 4 |
Release | : 2023-03-17 |
Genre | : Business & Economics |
ISBN | : |
Download BOTSWANA Book in PDF, ePub and Kindle
At the request of the authorities, an IMF team undertook a technical assistance mission to Botswana, from August 17–26, 2022, to support efforts to develop the local currency government bond market. The mission assessed the current stage of the sovereign debt market and formulated policy recommendations for each of the six building blocks included in the Guidance Note for Developing Local Currency Bond Markets.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 452 |
Release | : 2001-09-21 |
Genre | : Business & Economics |
ISBN | : 9780821349557 |
Download Developing Government Bond Markets: A Handbook Book in PDF, ePub and Kindle
This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who have a substantial need to understand the policy issues involved.
Author | : Patrick B. G. Van der Wansem |
Publisher | : |
Total Pages | : |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Issuing International Bonds Book in PDF, ePub and Kindle
Financial conditions in recent years have provided developing countries with unprecedentedopportunities to tap international bond markets, increasing access to commercial debtfinancing. On that background, developing countries are broadening the range of debtinstruments employed in implementing debt management strategies, and this has changed therisk profile of their public debt portfolios. The target audience of this Discussion Paper is thesovereign debt manager, with a special focus on first time/infrequent issuer in Low IncomeDeveloping Countries. The Guidance Note does not discuss whether countries should issueinternational bonds or not, but, rather, focus on the process of issuing such instruments, giventhe lack of objective and independent guidance available for issuers. The note outlines a stepby-step process and provides practical advice.
Author | : Mr.Mauro Mecagni |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2014-06-04 |
Genre | : Business & Economics |
ISBN | : 1475523106 |
Download Issuing International Sovereign Bonds Book in PDF, ePub and Kindle
This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers.
Author | : World Bank |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2013-07-09 |
Genre | : Business & Economics |
ISBN | : 1498341527 |
Download Local Currency Bond Markets - A Diagnostic Framework Book in PDF, ePub and Kindle
In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions—the IMF, the World Bank, the EBRD, and the OECD—were asked to draw on their experience to develop a diagnostic framework (DF) to identify general preconditions, key components, and constraints for successful LCBM development. The objective is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. The application of the DF is expected to be flexible, bearing in mind that the potential for LCBM development depends on economic size, financing needs, and stage of economic development.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 121 |
Release | : 2016-10-01 |
Genre | : Business & Economics |
ISBN | : 9292575988 |
Download ASEAN+3 Bond Market Guide 2016 Singapore Book in PDF, ePub and Kindle
The Singapore bond market has become one of the most developed open capital markets in Asia with over US$221 billion in total local currency bonds outstanding with an additional US$53 billion of bonds outstanding. The Singapore Bond Market Guide is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Singapore, while the ASEAN+3 Bond Market Guide as a whole is a comprehensive explanation of the region’s bond markets. This report should be recognized as a collective good to support bond market development among ASEAN+3 members.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 69 |
Release | : 2017-06-01 |
Genre | : Business & Economics |
ISBN | : 9292578448 |
Download The Asian Bond Markets Initiative Book in PDF, ePub and Kindle
The Asian Bond Markets Initiative (ABMI) was launched in December 2002 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3 to strengthen financial stability and reduce the region’s vulnerability to the sudden reversal of capital flows. This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2014-06-11 |
Genre | : Business & Economics |
ISBN | : 1498342620 |
Download Staff Guidance Note on Macroprudential Policy Book in PDF, ePub and Kindle
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries