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Local Government Finance and Bond Markets

Local Government Finance and Bond Markets

Paperback

AccountingInvesting & Finance

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ISBN10: 9715615015
ISBN13: 9789715615013
Publisher: Asian Development Bank
Published: Oct 1 2004
Pages: 566
Language: English
This collection of papers grew from a research study that indicated the need for public and private sector diversification in the wake of the most recent Asian financial crisis. In particular, the domestic capital market is emphasized as a fertile source of investment that has not been successfully utilized for development financing. The importance of domestic bond markets is stressed as one of the instruments that could help put resources to more productive use and become a viable alternative source of financing for development projects. Crucial information for mobilizing long-term private sources of financing at the local government level is also discussed.

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