ASEAN + 3 Bond Market Development Technical Assistance

13 January 2012 - The Asian Development Bank (ADB) has approved the following technical assistance:

Description:

This technical assistance will continue ADB’s support for ASEAN+3 Bond Market Forum (ABMF) discussion to harmonize bond market regulations and practices, and so boost cross-border bond issues amongst ASEAN + 3 countries. Bonds provide a crucial form of long-term finance, including for infrastructure development. Bonds issued in local currency denominations have grown fivefold over the past decade in East Asia.

Amount: $1.2 million grant from the Investment Climate Facilitation Fund under the ADB-administered Regional Cooperation and Integration Financing Partnership Facility.

Project ID: 45152-001

For more information: http://www.adb.org/Projects/project.asp?id=45152