Deep and efficient domestic government debt markets help provide resilience to shocks in times of financial turbulence and convey multiple economic benefits. Developing domestic debt markets is a complex process that requires multiple and interdependent policy actions.
To support countries in this endeavor, the World Bank and IMF have jointly prepared a , released in 2021. The Guidance Note brings together a large array of knowledge on this topic and provides a roadmap for countries to develop their local currency bond markets. This webinar discusses the importance of the local currency bond market development, provides an overview of the Guidance Note, and outlines how debt management practitioners could benefit from this guidance, with experience from Kenya and Uruguay.