Local Currency Bond Market Development (LCBM)

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Local Currency Bond Market Development (LCBM)

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Bibliographic details

• Session: CT 26.15
• Location: Shenzhen, China
• Dates: August 31, 2026 - September 4, 2026 (1 week)
• Delivery method: In-person Training
• Primary language: English
• Status: Deadline passed

Program overview and logistics

• Event: Session No.: CT 26.15
• Location: Shenzhen, China
• Date: August 31, 2026 - September 4, 2026 (1 week)
• Delivery Method: In-person Training
• Primary Language: English
• Registration status: Deadline passed

Target audience and qualifications

• Target Audience:
  • Officials from debt management offices, central banks, and regulators that deal with topics related to the securities markets in middle and lower-income countries.
• Qualifications:
  • Participants are expected to have a degree in economics or finance, or equivalent experience.

Course description — scope and structure

• The course covers an array of issues related to the development of local government bond markets.
• The revamped course is structured based on the new diagnostic Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank.
• Training topics include:
  • Money Market
  • Primary Market
  • Secondary Market
  • Investor Base
  • Legal and Regulatory Framework
  • Market Infrastructure
• The course emphasizes:
  • The relevant macro-financial environment for market development.
  • Interlinkages between each building block and associated development challenges.
  • Use of a set of metrics on outcome and policy indicators to undertake a self-assessment on the stage of market development for the building blocks to identify gaps and key constraints.

Learning 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.
• 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.

References

• In-person Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)
• Macroeconomic Management in Resource Rich Countries (MRC)