Local Currency Bonds and Infrastructure Finance in ASEAN+3

Business & Finance, Finance & Investing, Finance
Cover of the book Local Currency Bonds and Infrastructure Finance in ASEAN+3 by Asian Development Bank, Asian Development Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Asian Development Bank ISBN: 9789292570156
Publisher: Asian Development Bank Publication: July 1, 2015
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292570156
Publisher: Asian Development Bank
Publication: July 1, 2015
Imprint: Asian Development Bank
Language: English

The 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 $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?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The 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 $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?

More books from Asian Development Bank

Cover of the book Bhutan Transport 2040 Integrated Strategic Vision by Asian Development Bank
Cover of the book Assessment of Power Sector Reforms in Viet Nam by Asian Development Bank
Cover of the book Food Security in Asia and the Pacific by Asian Development Bank
Cover of the book Gender Equality Results Case Study by Asian Development Bank
Cover of the book Making Grasslands Sustainable in Mongolia by Asian Development Bank
Cover of the book Guidebook on Public–Private Partnership in Pharmacy by Asian Development Bank
Cover of the book Integrated Information and Communication Technology Strategies for Competitive Higher Education in Asia and the Pacific by Asian Development Bank
Cover of the book Proceedings of the Third South Asia Judicial Roundtable on Environmental Justice for Sustainable Green Development by Asian Development Bank
Cover of the book Asia Bond Monitor November 2009 by Asian Development Bank
Cover of the book Training Facility Norms and Standard Equipment Lists by Asian Development Bank
Cover of the book Sixth ASEAN Chief Justices' Roundtable on Environment by Asian Development Bank
Cover of the book Information Sources to Support ADB Climate Risk Assessments and Management by Asian Development Bank
Cover of the book Gender Equality Results in ADB Projects by Asian Development Bank
Cover of the book ADB Annual Report 2014 by Asian Development Bank
Cover of the book ADB Annual Report 2011 by Asian Development Bank
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy