Workshop on Developing Government Bond as Monetary Policy Instruments in APEC Economies held in Bali
The Workshop on Developing Government Bond as Monetary Policy Instruments in APEC Economies, co-sponsored by the AFDP Secretariat, Bank Indonesia and the World Bank was held in Bali, Indonesia, on December 11- 12, 2003.
84 people, including government officials, academicians and practioners from 15 APEC economies and International Financial Institutions participated in this workshop. 14 presenters and panelists, mainly senior government officials from central banks, ministries of finance and other monetary authorities; and experts from IFIs, such as ADB, IMF and the World Bank shared their experience and insights with the rest of the participants. APEC TILF fund provides some financial support to the workshop.
The workshop aimed to: (1) disseminate successful experiences, professional knowledge and lessons regarding government bond market development in the Asia Pacific region; (2) improve managerial ability and skills of capital market professionals for participating economies, thereby contributing to human resources development and institutional capacity building in the area of capital market development; and (3) promote sound financial system and sustainable economic development in the APEC region, and also facilitate the liberalization of international trade and investment.
Government Bond Market is a vital part of the financial market. It is also an important base to develop and improve the capital market, and serves as the major channel for government to implement both monetary and fiscal policy. A well-established and developed government bond market contributes significantly to effective regulation of public investment and achievement of fiscal and monetary policy goals. This workshop will be helpful to improve the government bond market in APEC region and promote the construction of financial market among member economies. In addition, it may help to establish a profound foundation for the coordination between APEC economies in the area of the monetary policy in the future.
The workshop was the second learning event held by the AFDP Secretariat under the theme of developing government bond market in APEC region. The first workshop co-sponsored by AFDP, the World Bank and IMF was held on November 12-15 in Shanghai, China under the theme of Developing Government Bond Market in APEC Economies.
