Show simple item record

Local Currency Bonds and Infrastructure Finance in ASEAN+3

dc.contributor.authorAsian Development Bank
dc.date.accessioned2015-07-17T08:10:16Z
dc.date.available2015-07-17T08:10:16Z
dc.date.issued2015-07-31
dc.identifier.urihttp://hdl.handle.net/11540/5057
dc.description.abstractThe Asian Development Bank (ADB) is working closely with the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China (PRC), Japan, and the Republic of Korea—collectively known as ASEAN+3—to develop local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region’s financial system by developing local currency bond markets as an alternative source to foreign currency-denominated, short-term bank loans for long-term investment financing. The need for infrastructure investment among ASEAN+3 members is well documented, with estimates for needed investment through 2020 reaching as high as US$550 billion. Local currency financing of infrastructure projects has the important advantage of avoiding the currency risk that can arise when a project generating revenues in the domestic currency has foreign currency-denominated debt service requirements. This study was undertaken under ABMI and funded by the Government of the PRC. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to promote infrastructure bond financing?en_US
dc.languageEnglishen_US
dc.publisherAsian Development Banken_US
dc.rightsCC BY 3.0 IGOen_US
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/en_US
dc.titleLocal Currency Bonds and Infrastructure Finance in ASEAN+3en_US
dc.subject.expertRegional Economyen_US
dc.subject.expertRegional Trading Arrangementsen_US
dc.subject.expertRegional Trading Arrangementsen_US
dc.subject.expertRegional Economic Integrationen_US
dc.subject.expertRegional Cooperationen_US
dc.subject.adbEconomic integrationen_US
dc.subject.adbRegional Development Banken_US
dc.subject.adbEconomic agreementsen_US
dc.subject.adbRegional integrationen_US
dc.subject.naturalRegional economic disparitiesen_US
oar.themeFinanceen_US
oar.themeLabor Migration
scholarcheck.prominentcontributor0
scholarcheck.peerreviewed0
scholarcheck.contributor.hascontributor0
scholarcheck.serial.hasserial1
scholarcheck.topic.cleartopic1
scholarcheck.topic.clearproblem1
scholarcheck.form.visualdata1
scholarcheck.form.references1
scholarcheck.form.logicalorder1
scholarcheck.language.technicaltone1
scholarcheck.language.technicalterms1
scholarcheck.language.hassummary0
dc.identifier.printisbn978-92-9257-014-9en_US
dc.identifier.pdfisbn978-92-9257-015-6en_US
oar.authorAsian Development Bank
oar.googlescholar.linkpresenttrue


Files in this item

Thumbnail
Thumbnail

This item appears in the following Collection(s)

  • More Reports
    Other reports published by the Asian Development Bank

Show simple item record

Users also downloaded