Connect with IMF Institute

Developing Domestic Debt Markets (DDM)

Financial Sector Policies

This course, presented by the Monetary and Capital Markets Department, covers an array of issues related to the development of local government bond markets. The recently revamped course is structured based on the new diagnostic on Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank. Officials are trained on the relevant macro-financial environment and key building blocks related to Money Market, Primary Market, Secondary Market, Investor Base, Legal and Regulatory Framework, and Market Infrastructure that support market development. The course helps to develop a deeper understanding of the interlinkages between each building block and the associated challenges around their development. Based on a set of metrics on outcome and policy indicators, participants are trained to undertake a self-assessment on the stage of market development for the building blocks to identify the gaps and key constraints. 

Read More Topic : Financial Sector Policies

    Target Audience

    Officials from debt management offices, central banks, and regulators who deal with topics related to the securities markets in middle and lower-income countries. 

    Back to top

    Qualifications

    Participants are expected to have a degree in economics or finance, or equivalent experience.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:¿ 

    • Describe the importance of connected markets for the development of the government bond market.¿ 
    • Assess the main challenges to deepening a local debt market.¿ 
    • Formulate effective policies and practices for the¿money¿and¿government bond markets¿that support market development.¿ 
    • Explain the need for¿stakeholder¿coordination with a range of government agencies and¿market participants.¿ 
    • Develop effective investor relations practices and¿diversification of¿the¿investor base.¿¿ 
    • Undertake a self-assessment on the stage of market development to identify gaps and key constraints.¿ 
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    External Debt Statistics (EDSx)

    French | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    External Debt Statistics (EDSx)

    Spanish | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    Virtual: Building Institutions to Fight Corruption (BIFC)

    English (French, Portuguese) | June 3-7, 2024 | Virtual Training | Ebene, Mauritius

    Apply online by April 26, 2024

    Government Finance Statistics (GFS)

    English (French, Portuguese) | June 10-28, 2024 | Hybrid Training | Ebene, Mauritius

    Apply online by April 26, 2024

    Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)

    English | July 22-26, 2024 | In-person Training | Vienna, Austria

    Apply online by April 28, 2024