## Local Currency Bond Market Development (LCBMx)

## Source details

**Canonical URL:** [Local Currency Bond Market Development (LCBMx)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2025/lcbmxol25-02)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2025/lcbmxol25-02/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2025/lcbmxol25-02/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2025/lcbmxol25-02/bundle-manifest.json)

## Bibliographic details
- Session: OL 25.02
- Location: Course conducted online
- Dates: October 7, 2025 - December 2, 2025 (8 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed

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### Program details
- Session No.: OL 25.02
- Deadline passed
- Location: Course conducted online
- Date: October 7, 2025 - December 2, 2025 (8 weeks) New dates
- Delivery Method: Online Training
- Primary Language: English
- Qualifications: Knowledge of economics and finance is helpful.
- Technical requirements: Access to a computer with a reliable internet connection and a Google Chrome web browser are essential.

### Target audience
- Officials from debt management offices
- Officials from ministries of finance
- Officials from central banks
- Financial market regulators
- Participants in the financial markets of countries in lower stages of development

### Course description and structure
- The course draws on the IMF/WB Guidance Note on Local Currency Bond Markets.
- It explains the benefits of developing local currency bond markets and discusses the preconditions that should be in place before implementing policies.
- The course is organized in six different modules, each covering one of the six building blocks of the domestic debt market:
  - the money markets
  - the primary markets
  - the secondary markets
  - the investor base
  - the financial market infrastructure
  - the legal and regulatory framework
- Participants will have a very good understanding of the functioning and main elements of both the primary and secondary markets.

### Course objectives
- Explain the benefits of promoting policies to develop a local currency bond market and the main preconditions that should be in place before implementing these policies.
- Describe all the relevant components of a domestic debt market, their functioning, and the interlinkages among them.
- Enable course takers to discuss policies that countries can use to develop their local currency bond markets.

### Institutional note
- IMF offers online training to government officials and the public.

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## References

- [Online 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/ol/2025/lcbmxol25-02_