## Development of Local Currency Bond Market

## Source details

**Canonical URL:** [Development of Local Currency Bond Market](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24/bundle-manifest.json)

## Bibliographic details
- Session: SA 26.24
- Location: New Delhi, India
- Dates: June 8-12, 2026 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

---

### Course overview
- 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 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 content and structure
- Key building blocks covered:
  - Money Market
  - Primary Market
  - Secondary Market
  - Investor Base
  - Legal and Regulatory Framework
  - Financial Market Infrastructure
- Focus areas:
  - Relevant macro-financial environment for market development.
  - Interlinkages between building blocks and associated development challenges.
  - Outcome and policy indicator metrics to assess market development stages.

### Learning objectives and participant outcomes
- Upon completion, 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.
  - 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.

### Assessment and practical tools
- 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.

### Additional IMF training note
- IMF offers online training to government officials and the public.
- Example offering listed:
  - Financial Development and Financial Inclusion (FDFI)
  - English (French, Portuguese) | November 16, 2026 - December 11, 2026 | Blended Training | Ebene, Mauritius

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-24_