Developing Domestic Debt Markets

JVI is gradually resuming classroom delivery. This course is scheduled to take place at JVI, but may have to be delivered virtually in case safe travel to and in-person training in Vienna will not be possible. The decision to offer virtual instead of onsite training, or a combination of the two (hybrid), will be made within 5 weeks of the course start date.​


TARGET GROUP | Officials from debt management offices, central banks, and regulators who deal with topics related to the securities markets in middle and lower-income countries. Participants are expected to have a degree in economics or finance, or equivalent experience.


COURSE DESCRIPTION |This course, presented by the Monetary and Capital Markets Department, covers an array of issues related to the development of local government bond markets. The recently 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. Officials are trained on the relevant macro-financial environment and key building blocks related to Money Market, Primary Market, Secondary Market, Investor Base, Legal and Regulatory Framework, and Market Infrastructure that support market development. The course helps to develop a deeper understanding of the interlinkages between each building block and the associated challenges around their development. Based on 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 the gaps and key constraints.


OBJECTIVES | 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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Course Details

Start: 20221003Oct 03
End: 20221007Oct 07

Language: English

Sponsoring Organization: IMF

Admin Arrangements

Application Deadline: July 17, 2022

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