The need to develop domestic bond markets has, after the recent international financial crises, increasingly attracted the attention of both national and international policy makers.

Domestic bond markets have been widely recognized to play a role in fostering financial stability, reducing inflationary funding, improving financial intermediation and helping governments manage the effects of volatility in the international economic and financial system.

The World Bank in collaboration with the IMF has just produced  Developing Government Bond Markets: A Handbook. The Handbook discusses a range of public policy issues related to the establishment of efficient domestic markets for government bonds, and presents an integrated view that will enable policymakers to understand how different elements can best be sequenced to achieve an efficient and liquid market for domestic government bonds.

The 1st Regional Workshop on Developing Government Bond Markets in Latin America seeks to present some of the main findings of The Handbook as well as an up-to-date regional overview of the main trends in the development of domestic bond markets in Latin America.   

The three day workshop will cover the following topics: General policy overview for the development of domestic government debt markets; Money markets and coordination with monetary policy; The regulatory and supervisory framework; Regional dimension; Building supply for government debt securities; Developing efficient secondary markets; Building demand for government debt securities; Building supply and demand; Taxation and debt market development; Securities settlement infrastructure; The link between government and corporate bond markets; Sequencing of key debt market reforms.