The African Bond Market Development Index - 2017 Annual Country Rankings and Scores Report

The African Bond Markets Development Index (ABMDI) is a ranking of African local bond markets established by the AFMI team/AfDB. In 2011, the Bank undertook a feasibility study which lay the groundwork for the development of the African index family. The study formed the basis for the discussions with stakeholders in North, East, South, West and Central Africa in 2012 to determine the ABMDI inclusion criteria. ABMDI reflects the recent developments of the Local Currency Bond Markets (LCBMs) some of which have gained in strength in terms of liquidity and maturity profile using a common set of indicators (see the Diagnostic framework), including macroeconomics variables; market structure; and market liquidity.