## Local Currency Bond Market Development (LCBM)

## Source details

**Canonical URL:** [Local Currency Bond Market Development (LCBM)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2026/lcbmct26-15)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2026/lcbmct26-15/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2026/lcbmct26-15/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ct/2026/lcbmct26-15/bundle-manifest.json)

## 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

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### 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](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2026/lcbmct26-15_