{
  "title": "Development of Local Currency Bond Market",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24",
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  "summary": "Development of Local Currency Bond Market Training Program 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.",
  "publishDate": "2026-04-08",
  "sections": [
    {
      "heading": "Course overview",
      "content": "- Presented by the Monetary and Capital Markets Department.\n- Covers issues related to development of local currency government bond markets.\n- Structured based on the Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank.\n- Emphasizes interlinkages among key building blocks and challenges in their development."
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Officials from debt management offices, central banks, and regulators that deal with topics related to the securities markets in middle and lower-income countries.\n- Qualifications:\n  - Participants are expected to have a degree in economics or finance, or equivalent experience."
    },
    {
      "heading": "Course content and structure",
      "content": "- Key building blocks covered:\n  - Money Market\n  - Primary Market\n  - Secondary Market\n  - Investor Base\n  - Legal and Regulatory Framework\n  - Financial Market Infrastructure\n- Focus areas:\n  - Relevant macro-financial environment for market development.\n  - Interlinkages between building blocks and associated development challenges.\n  - Outcome and policy indicator metrics to assess market development stages."
    },
    {
      "heading": "Learning objectives and participant outcomes",
      "content": "- Upon completion, participants should be able to:\n  - Describe the importance of connected markets for the development of the government bond market.\n  - Assess the main challenges to deepening a local debt market.\n  - Formulate effective policies and practices for the money and government bond markets that support market development.\n  - Explain the need for stakeholder coordination with a range of government agencies and market participants.\n  - Develop effective investor relations practices and diversification of the investor base.\n  - Undertake a self-assessment on the stage of market development to identify gaps and key constraints."
    },
    {
      "heading": "Assessment and practical tools",
      "content": "- Training includes use of a set of metrics on outcome and policy indicators.\n- Participants are trained to undertake a self-assessment on the stage of market development for the building blocks to identify gaps and key constraints."
    },
    {
      "heading": "Additional IMF training note",
      "content": "- IMF offers online training to government officials and the public.\n- Example offering listed:\n  - Financial Development and Financial Inclusion (FDFI)\n  - English (French, Portuguese) | November 16, 2026 - December 11, 2026 | Blended Training | Ebene, Mauritius"
    }
  ],
  "bullets": [
    "Presented by the Monetary and Capital Markets Department.",
    "Covers issues related to development of local currency government bond markets.",
    "Structured based on the Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank.",
    "Emphasizes interlinkages among key building blocks and challenges in their development.",
    "Target Audience:",
    "Qualifications:",
    "Key building blocks covered:",
    "Focus areas:",
    "Upon completion, participants should be able to:",
    "Training includes use of 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 gaps and key constraints.",
    "IMF offers online training to government officials and the public.",
    "Example offering listed:"
  ],
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  },
  "generatedAtUtc": "2026-09-29T20:13:25.555Z"
}