## 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/st/2026/lcbmst26-15)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2026/lcbmst26-15/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2026/lcbmst26-15/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2026/lcbmst26-15/bundle-manifest.json)

## Bibliographic details
- Session: ST 26.15
- Location: Singapore, Singapore
- Dates: June 1-5, 2026 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### 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.

### Event logistics and metadata
- Session No.: ST 26.15
- Location: Singapore, Singapore
- Date: June 1-5, 2026 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Registration status: Deadline passed

### Course description and framework
- The course is presented by the Monetary and Capital Markets Department.
- The revamped course is structured based on the new diagnostic on Guidance Note for Developing Government Local Currency Bond Markets jointly prepared by the IMF and World Bank.
- Training covers building blocks that support market development:
  - Money Market
  - Primary Market
  - Secondary Market
  - Investor Base
  - Legal and Regulatory Framework
  - Market Infrastructure
- Emphasis on the relevant macro-financial environment and the interlinkages between each building block and associated development challenges.
- Participants use 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.

### Course objectives and learning outcomes
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.
- 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)
- [Financial Sector Policies (FSP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fspce26-13)
- [Taxation and Domestic Revenue Mobilization](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/tdrmce26-34)
- [Confronting Macro-Critical Corruption (CMCC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/cmccce26-39)
- [Compilation of the Residential Property Price Index (RPPI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/rppisa26-32)
- [Model-Based Monetary Policy Analysis and Forecasting (MPAF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2026/mpafjv26-35)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/lcbmst26-15_