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Asian Bond Market Development started at ACD meeting (June 25, 2003) |
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The development of an Asian Bond Market was given a full official support from the 18 members of the Asia Cooperation Dialogue (ACD) at their second meeting in Chiang Mai on 21-22 June 2003. The US$ 1 billion Asian Bond Fund (ABF) and the development towards an Asian Bond Market (ABM) paved the way for a regional bond market that utilizes surplus capital for development within the region. The Bank for International Settlements was assigned as a fund manager for the ABF and further studies by ASEAN +3 and APEC finance ministerial working groups would allow the ACD to develop the supply side and infrastructure of the ABM. |
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The ABF provides an alternative channel of investment for Asian central banks which has traditionally invested heavily in US Treasury bonds with the total holding worth over US$ 1 trillion. The development of ABM, including the issuance of bonds dominated in a basket of local currencies, will also facilitate the flow of saving and investment within the region and enhance regional financial development and integration. |
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| For further discussions and development on Asian Bond Market, please visit: |
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- The Asian Bond page at the Ministry of Foreign Affairs
Information on Thailand's lead role in the Asian Bond development including papers, declarations, speeches and information from related meetings and conferences. |
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Asian Bond Markets Initiative page at the Ministry of Finance, Japan
Including ASEAN+3 high-level seminar on "Fostering Bond Markets in Asia" Tokyo, March 1, 2003 discussing the nature, credit guarantee schemes, and infrastructure for Asia Bond Markets |
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The interpretations and conclusions given represent those of the authors. They
do not necessarily reflect the view of the Royal Thai Government, its
departments or other related institutions.
Thailand Investor
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Tel. +66(0) 2357-3490, Fax. +66(0) 2357-3533
Copyright 2004, ThailandOutlook.com. All rights reserved.
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