## Developing Domestic Debt Markets

## Source details

**Canonical URL:** [Developing Domestic Debt Markets](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2023/ddmjv23-38)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2023/ddmjv23-38/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2023/ddmjv23-38/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2023/ddmjv23-38/bundle-manifest.json)

## Bibliographic details
- Session: JV 23.38
- Location: Vienna, Austria
- Dates: October 9-13, 2023 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Overview
- Training Program presented by the Monetary and Capital Markets Department.
- Focus: development of local government bond markets in middle and lower-income countries.
- Course structure is based on the Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank.
- Emphasis on interlinkages among market building blocks and on using metrics for outcome and policy indicators to undertake self-assessments of market development stages, identify gaps, and key constraints.

### 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 structure and core content
- Core building blocks covered:
  - Money Market
  - Primary Market
  - Secondary Market
  - Investor Base
  - Legal and Regulatory Framework
  - Market Infrastructure
- Training components:
  - Analysis of the relevant macro-financial environment that affects market development.
  - Exploration of the interlinkages and challenges across building blocks.
  - Use of a set of metrics on outcome and policy indicators to support participant self-assessments.

### Course objectives (upon completion)
- 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.

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## 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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2023/ddmjv23-38_