Local Government Finance and Bond Markets

Local Government Finance and Bond Markets

Asian Development Bank | September 2003

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.

Citation

Asian Development Bank. 2003. Local Government Finance and Bond Markets. © Asian Development Bank. http://hdl.handle.net/11540/5441.

Print ISBN

971-561-501-5

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