Our workPublic debt management

Debt capital markets

A well-functioning and liquid bond market provides the government with a stable source of funding at reasonable costs and desirable maturities. The issuance of bonds in the local market imposes discipline on the government in terms of building trust, credibility and accountability. Robust local currency debt capital markets can contribute to a better allocation of capital, enhancing economic growth prospects; facilitate the implementation of key policies, particularly more effective public debt management policies; and improve the transmission of monetary policies.

Sign up to the CABRI Newsletter