Domestic Debt Market Development Course


INTRODUCTION

As concessional external financing flows to developing countries continue to dwindle, domestic debt markets are increasingly becoming important sources for funding development priorities. As a result, the development of local currency debt markets is becoming a priority, as there is need to enhance their capacity to support public sector financing requirements. Despite considerable progress in establishing domestic financial markets in the region, they have remained undeveloped relative to those in other emerging economies. The markets are still characterized by lack of liquidity due to instrument fragmentation and narrow investor base, and this has resulted in high risk premiums. In addition, lack of liquidity in the secondary market inhibits development of a reliable yield curve that could provide a risk-free benchmark for other corporate borrowers.

In this regard, this workshop is designed to develop practical skills needed to effectively manage domestic debt and drive reforms in financial markets. It will focus on strategies for meeting government financing needs while enhancing market development. The knowledge and skills acquired is expected to enhance officials’ capacity to drive reforms in the domestic financial markets and manage debt within the framework of fiscal prudence and macroeconomic stability.

Duration

5 Days

WHO SHOULD ATTEND

The course is targeted at middle to senior officials in the area of domestic debt management and financial markets departments in Ministries of Finance, Economic Planning and Development and Financial Markets departments of Central Banks. Officials handling fiscal and debt analytical functions in the research departments of central banks and security exchange commissions or capital markets authorities will also find the course very useful.

LEARNING OBJECTIVES

At the end of this IRES training course, you will learn:

  • To develop practical skills needed to effectively manage domestic debt and enhance efficiency in the primary issuance of government securities and their trading in the secondary market and
  • To design actionable reform plans to guide domestic market development

TOPICS TO BE COVERED                  

  • Money Market instruments and operations
  • Repo Market, liquidity management, forecasting and the role of central bank and Government
  • Pricing Treasury Bills and Bonds
  • Debt issuance techniques and processes
  • Liability Management Operations (Buybacks and Exchanges)
  • Key Players and their Role in a Primary Dealership System
  • Market Interactions and Developing Investor Relations: Disclosure, investor protection
  • Development and Maintenance of an Efficient Primary Market for Government Securities
  • Strategies for Building Strong and Active Investor Base
  • Sequencing of Measures to Develop Government Securities Market
  • Developing a Domestic Debt Issuance Plan
  • Overview of the Government Securities Market Development Toolkit and
  • Developing a Reform Plan

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.

IRES

Enroll for In-Person (Face to Face) Class

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

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IRES

Enroll for a Virtual Zoom Class

Join a scheduled class with a live instructor and other delegates.

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IRES

Enroll for Online Self-paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

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Benefits of Taking a Course at IRES

LEARN

Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.

NETWORK

Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.

GROW

Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.