{
  "title": "Guidance Note For Developing Government Local Currency Bond Markets",
  "publication": "Analytical Notes, March 12, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/analytical-notes/issues/2021/03/17/guidance-note-for-developing-government-local-currency-bond-markets-50256",
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  "summary": "This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).",
  "sections": [
    {
      "heading": "Purpose and scope",
      "content": "- Prepared by International Monetary Fund (IMF) and World Bank Group staff under a project supported by grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).\n- Aim: to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs).\n- Intended also to inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs."
    },
    {
      "heading": "Key themes and subjects",
      "content": "- Financial institutions\n- Financial markets\n- Financial services\n- Government debt management\n- Government securities\n- Money markets\n- Public financial management (PFM)\n- Securities\n- Securities markets"
    },
    {
      "heading": "Keywords and geographic focus",
      "content": "- Keywords: Africa, AN, banking sector, bond market Association, bond market reform plans, Bonds, currency bond markets, East Asia, Global, government bond market development, Government debt management, government debt market, government securities, Government securities, IMF expert, IMF Library, investor base, market development, market fragmentation, market infrastructure, market regulation, market-making privilege, Money markets, price discovery, repo market, repo market development, reverse repo, Securities, Securities markets, Southeast Asia, Yield curve"
    },
    {
      "heading": "Intended users and uses",
      "content": "- Emerging market and developing economy authorities seeking a roadmap for LCBM development.\n- Technical assistance teams advising on policy formulation to deepen local currency bond markets."
    },
    {
      "heading": "Access and formats",
      "content": "- Publication date listed as March 12, 2021.\n- Format references on landing page: Download PDF, More Formats on IMF eLibrary, Order a Print Copy.\n- Citation preview (Chicago): International Monetary Fund, and World Bank. \"Guidance Note For Developing Government Local Currency Bond Markets\", Analytical Notes 2021, 001 (2021), accessed 6/26/2026, https://doi.org/10.5089/9781513573922.064\n\n---\n\n Content in this bundle\n\n- Anea2021001\n  - Anea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Anea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/analytical-notes/issues/2021/03/17/guidance-note-for-developing-government-local-currency-bond-markets-50256"
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    "Published: March 12, 2021",
    "Series: Analytical Notes",
    "DOI: https://doi.org/10.5089/9781513573922.064",
    "Prepared by International Monetary Fund (IMF) and World Bank Group staff under a project supported by grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).",
    "Aim: to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs).",
    "Intended also to inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.",
    "Financial institutions",
    "Financial markets",
    "Financial services",
    "Government debt management",
    "Government securities",
    "Money markets",
    "Public financial management (PFM)",
    "Securities",
    "Securities markets",
    "Keywords: Africa, AN, banking sector, bond market Association, bond market reform plans, Bonds, currency bond markets, East Asia, Global, government bond market development, Government debt management, government debt market, government securities, Government securities, IMF expert, IMF Library, investor base, market development, market fragmentation, market infrastructure, market regulation, market-making privilege, Money markets, price discovery, repo market, repo market development, reverse repo, Securities, Securities markets, Southeast Asia, Yield curve",
    "Emerging market and developing economy authorities seeking a roadmap for LCBM development.",
    "Technical assistance teams advising on policy formulation to deepen local currency bond markets.",
    "Publication date listed as March 12, 2021.",
    "Format references on landing page: Download PDF, More Formats on IMF eLibrary, Order a Print Copy.",
    "Citation preview (Chicago): International Monetary Fund, and World Bank. \"Guidance Note For Developing Government Local Currency Bond Markets\", Analytical Notes 2021, 001 (2021), accessed 6/26/2026, https://doi.org/10.5089/9781513573922.064",
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