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Multilateral Financing

In this area you will find documents addressing specifically emerging markets problems associated with multilateral debt. Among them, multilateral debt relief as part of a broader agenda which includes an appropriate sector concerning financial resources, policies aimed at strengthening governance and improving domestic absorptive capacity.

One of the significant areas in debt management, especially for emerging countries, is the development of domestic bond markets with effective benchmark functioning, ample liquidity and low transaction costs, safe and efficient market infrastructure, regulatory systems that ensure low barriers to funding and investment, good availability of reliable information, transparency of accounting, and sound market analysis of the role played by a) bilateral resources, b) international negotiations and agreements, c) private practices. Governments with the assistance of multilateral institutions may play a critical role as issuers, regulators, coordinators and promoters in formulating and setting up the development roadmap.