Local Currency Bond Markets – A Diagnostic Framework

The purpose of the diagnostic framework is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. Such a tool can provide the basis for designing a strategy for market development and deepening with appropriate sequencing of policy action and associated delivery of technical assistance (TA) where needed. The broad users of the framework are country authorities targeting the development and deepening of their local capital markets, as well as providers of TA.