Financing for the Post-pandemic Recovery: Developing Domestic Sovereign Debt Markets in Central America
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Summary:
The pandemic has urged countries around the globe to mobilize financing to support the recovery. This is even more relevant in Central America, where the policy response to cushion the pandemic’s economic and social impact has accentuated pre-existing debt vulnerabilities. This paper documents the potential for local currency bond markets to diversify and expand financing for the recovery, lowering bond yields, funding volatility, and exposure to global shocks. The paper further identifies priority actions, both national and regional, to support market development.
Series:
Working Paper No. 2021/283
Subject:
Financial institutions Financial markets Financial services Government debt management Government securities Public debt Public financial management (PFM) Securities markets Yield curve
Frequency:
regular
English
Publication Date:
December 3, 2021
ISBN/ISSN:
9781616357061/1018-5941
Stock No:
WPIEA2021283
Pages:
34
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