The Asian Bond Markets Initiative by Asian Development Bank;

Author:Asian Development Bank;
Language: eng
Format: epub
Publisher: Asian Development Bank Institute
Published: 2017-08-15T00:00:00+00:00

G. Activities to Support the Asian Bond Markets Initiative Over the Medium-term

To further develop the LCY bond markets and foster regional financial market integration for more resilient financial systems, ASEAN+3 policy makers worked with ADB to assess the progress made under ABMI during 2012–2016. Based on the outcome of this assessment, as provided above, policy makers agreed that over the medium-term the objectives of ABMI will remain unchanged. They also agreed to focus on policies and activities to address three key areas of financing gaps in the region—SMEs, housing, and infrastructure—in addition to those aiming to further advance regional market integration. The policies and activities to be supported over the medium-term will be built on achievements made to date.

Activities to be implemented over the medium-term are categorized into two groups. The first group includes advancing ongoing activities for the achievement of more concrete results by building on existing accomplishments. The second group of activities is related to those that are newly introduced to address existing challenges. Similar to the implementation approach of the previous road maps, where possible, activities proposed for the medium-term will be flexible and updated from time to time to take into account financial market developments. Given the important role of the private sector in developing bond markets, market participants’ involvement in the implementation of the ongoing road map will be encouraged. The activities to be implemented under the four task forces over the medium-term (Appendix 2) are discussed below.

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