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Local government finance and bond markets

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  • Local government finance and bond markets
  • Asian Development Bank
  • Asian Development Bank
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Title Local government finance and bond markets
Similar Titles
Material Type Reports
Author(English)

Asian Development Bank

Publisher

[Manila]:Asian Development Bank

Date 2003
ISBN 971-561-501-5
Subject Country Asia & Pacific(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < Public Administration

Abstract

The Asian financial crisis has underscored the need for both public and private sectors to diversify sources of funds to finance development projects. The domestic capital market is a fertile source that has not been successfully utilized for development financing, especially prior to the crisis. In particular, domestic bond markets are one of the instruments that could help put potential resources to more productive use, and are even a viable alternative source of financing for development projects.;This publication analyzes the bond markets of the People's Republic of China, India, Indonesia, Republic of Korea, Malaysia, Pakistan, Philippines, Sri Lanka, Taipei,China, and Thailand.;Besides the country reports, a comparative assessment of bond financing and bank financing by local governments in developing countries is made.